Casino Guichard-Perrachon SA (CO.FR) said on Monday that it is extending its cooperation with Distribuidora Internacional de Alimentacion SA (DIA.MC) to form a new joint company, CD Supply Innovation, for logistics and payment services.
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CD Supply Innovation, which will begin its activities on Dec. 15, will manage orders, payment and the supply of private-label products for both Casino and DIA. According to Casino, the new entity will also serve as an innovation lab, with a focus on value chain improvement solutions.
In 2015, Casino and DIA formed a strategic alliance in purchasing and services under which they agreed to coordinate purchasing negotiations for their private-label brands in Europe.
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(END) Dow Jones Newswires
December 04, 2017 02:43 ET (07:43 GMT)