Following speculation that Carrefour plans to sell its Korean unit, rumours have been flying about who the possible buyers might be, but those involved are remaining tight-lipped concerning the future of the French retail chain’s outlets in South Korea.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Earlier this month, Carrefour was reported to be in negotiations with a potential buyer for ten of its 32 Korean outlets, sparking speculation that the company was planning to withdraw altogether from this market. When approached by just-food, Carrefour was unwilling to corroborate this and declined to comment on which companies might be considered potential bidders.
According to various media reports, Carrefour Korea is in discussions with Wal-Mart Korea, Samsung Tesco and Lotte Mart. However, none of the companies involved are willing to validate the rumours of negotiations or even confirm interest in the sale.
