November 30, 2016 / 6:45 AM / 8 months ago

BRIEF-French groups Casino, Conforama expand purchasing alliance

1 Min Read

Nov 30 (Reuters) - Casino

* Conforama and Casino enhance and expand their purchasing alliance by setting up a joint company dedicated to international services

* Casino, Conforama to create international company named "SICA" dedicated to international services.

* This new company will also include other Steinhoff International Group banners to create an alliance with a global reach

* SICA will develop a portfolio of international services through a wide range of suppliers comparable to that of Mano, to facilitate supplier/distributor partnerships and enhance the competitiveness of both groups

* New entity will begin operations for the 2017 negotiations. Source text for Eikon: Further company coverage: (Reporting by Sudip Kar-Gupta)

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