Plans to build new two hypermarkets in Budapest have now been scrapped by French chain Carrefour following an assessment of the intense competition already present on the Hungarian domestic retail market. The cost of greenfield developments is also often prohibitively high in Hungary. Carrefour is now expected to shift its investment focus to China and Romania, and dismantle its Hungarian subsidiary, which was established earlier this year.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
