2023-10-04 16:54:00
Published on Oct 4, 2023 at 6:54 p.m.
PARIS (Agefi-Dow Jones)–The distributor of cultural products and household appliances Fnac Darty and Ceva Logistics, a subsidiary of the shipowner CMA CGM, announced on Wednesday that they had signed an agreement to create a joint venture dedicated to logistics for e-commerce.
Called Weavenn, this company would be owned equally by the two partners and could be operational from 2024, “subject to approval by the competent authorities”, indicated Fnac Darty and Ceva Logistics in a press release.
“Within five years, the turnover of the joint venture could amount to more than 200 million euros and display a double-digit operating margin,” added the two groups.
-Vincent Alsuar, Agefi-Dow Jones; +33 (0)1 41 27 47 39; [email protected] ed: LBO
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
October 04, 2023 12:54 PM ET (4:54 GMT)
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