In order to comply with a ruling by the French Competition Authority, the world’s second largest retailer Carrefour has sold a hypermarket in Villetaneuse, a northern suburb of Paris, the privately held rival supermarket group Auchan.
Go deeper with GlobalData
In accordance with the ruling, made after Carrefour’s acquisition of the Promodès group last year, the retail giant has yet to divest three hypermarkets and 12 supermarkets.
No financial details of this latest deal were disclosed.
Carrefour also revealed expansion plans, meanwhile, with the planned opening of its largest Japanese outlet in Osaka by the autumn of 2003. The store will be the core building of a large commercial facility to be developed in Minoo.
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.
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
