French retailer Carrefour is planning to invest EUR260m (US$312m) next year in developing its operations in Brazil.

The French retail chain’s investment programme will target the opening of 15 hypermarket outlets. Carrefour’s managing director, Brazil, Jean-Marc Pueyo, has indicated that the group’s sales in the country are expected to increase by 7% in 2005.

Brazil is Carrefour’s biggest market in South America generating an annual turnover of around US$3bn and is followed by Argentina and Colombia.

In October, Carrefour announced plans to invest US$100m in Colombia in 2006. This will target the construction of hypermarkets and the modernisation of its supply system in the country.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.