According to local reports, France’s number one retail chain Carrefour is eyeing expansion in Greece and Russia. However, when contacted by just-food, the company declined to confirm its interest in these specific markets.

Carrefour’s Greek unit, Carrefour Marinopoulos, reportedly plans to invest EUR100m a year between 2006 and 2008 to expand in the market. The plans are said to include the opening of 20 new Marinopoulos supermarkets and 20 5’Marinopoulos stores by the end of 2006.

Meanwhile, Turkish reports have suggested that Carrefour intends to enter the Russian market through a joint venture with Turkish company Sabanci Holding.

It currently operates 12 hypermarkets and 88 supermarkets in Turkey in partnership with Sabanci under the Carrefoursa banner. In March, Carrefour said it planned to expand in Turkey through the opening of four new hypermarkets a year between 2006 and 2008 with the aim of increasing its market share by 20%.

A spokesperson for the retailer said: “I am unable to confirm specific expansion plans, although we are looking to increase our market share in strategically important markets arround the world.”

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.