CHINA: Carrefour prowling for acquisitions – report
Carrefour SA has unveiled plans to acquire at least ten retailing companies in China, reported Dow Jones Newswires.
Chairman of the board at Carrefour, Jean Luc Chereau, told the news service that the company aims to open 20 stores in the country this year, in addition to the 75 it owns there already.
He reportedly said that the best way for Carrefour to develop its business in China was "city by city" and "province by province".
International food and retail research group IGD has predicted that France's Carrefour will be the first international retailer to make serious in-roads into the developing Russian market....
French retailer Carrefour has said that it is not seeking a major acquisition in China in response to Wal-Mart's reported plans to purchase Trust-Mart....
Frozen goods brand d'Aucy has launched a range of premium vegetable nuggets to change children's notions of vegetables. The Chouette des légumes [lit:'Great! Vegetables'] is already in Carrefour and s...
Tesco has told just-food that it plans to continue pressing for unbridled expansion in the Thai retail sector, despite mounting opposition from local retailers....
The world's largest retailer has declined to comment on reports that it has secured the acquisition of a Chinese hypermarket chain, although Wal-Mart did confirm that it was eyeing expansion in the Ch...
As Carrefour proposed a compromise deal to appease those opposed to foreign retailers in Thailand, Thai retailers have threatened to defy a ban on protests imposed after last month's military coup and...
Boosted by an improved performance in its home market, French retailer Carrefour saw sales increase by 6.8% to EUR22.1bn in the third quarter, falling just short of estimates....
The publication this week of Tesco's first-half results underlined yet again the retailer's dominance of the UK grocery sector. But, writes Katy Humphries, sustaining such impressive growth demands co...
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