Carrefour and Publicis to form a joint venture.

Carrefour, a retail and wholesaling corporation, and Publicis, an advertising and public relations company, agreed to form a joint venture. Financial terms were not disclosed. “We understood very early on that our data had tremendous value potential. We were one of the first retailers to launch retail media. Last year, we accelerated by creating Carrefour Links. Today, we want to go further and beyond the limits of our current model. We are going to create an alliance with an industry expert, the Publicis Groupe, to change three things: first, we will put tech at the heart of our model, second, we will go up in the value chain, by creating retail media solutions by ourselves, and third, we will conquer new markets, both in continental Europe and in Brazil. With this alliance, our digital transformation takes on a new dimension and allows us to access a new market with tremendous growth,” Alexandre Bompard, Carrefour Chairman and CEO.