CHINA/FRANCE: Carrefour not a monopoly in China, say analysts
French retail giant Carrefour is not in danger of becoming a retail monopoly in China, industry analysts have said, countering accusations by local media. Carrefour's aggressive expansion in China has seen it set up around 40 outlets since its entry in the mid-1990s. The company was recently accused by some mainland media of being a retail monopoly, following a dispute between Carrefour and some local roasted seed suppliers, reported AFX-Asia.
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