In a statement, Alexandre Bompard, the CEO of French supermarket giant Carrefour said, it is weighing options which includes consolidations in the sector and that it has commenced talks with the family behind the Auchan chain of stores. Both Carrefour… Read More ›
Carrefour
French retailer Carrefour to divest Taiwan business
According to three sources with knowledge of the matter at hand, French retailer Carrefour plans on launching a sale of its Taiwan business, which is valued at around $1.9 billion (1.6 billion euros) in the coming weeks. Carrefour has hired Morgan Stanley to… Read More ›
Walmart to sink in $1.2 billion in China over the next 10 years
In China, Walmart will be in a tough environment and will be competing with the likes of Alibaba Group Holding Ltd and Tencent Holdings Ltd who have cut deals to combine online and high street shopping. In a significant development,… Read More ›
Amazon looking to expand its footprint in France
Amazon is on the prowl in France. The online retailer aims at entering the country either theough the acquisition route or buying a stake in a French supermarket. French Newspaper Le Monde has reported citing sources familiar with the matter… Read More ›