Carrefour has agreed a tie-up with Alliance Boots in a move that mirrors the high street chemist’s UK arrangement with Waitrose.

As well as putting Boots beauty products on Carrefour’s shelves, the duo will “explore healthcare partnership possibilities” in emerging markets.

Carrefour chief executive Lars Olofsson said the tie-up would allow the retailer to “make a quantum leap in the beauty category”.

“This partnership will significantly enhance Carrefour’s attractiveness in a key category and should be a major contributor to becoming the preferred retailer,” he said.

Meanwhile, Carrefour has announced plans to spin off its Madrid-based discount arm,  Dia, The business will be publicly listed on the Madrid stock exchange if the move goes ahead.

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