Carrefour Group news

24 June 2019
Majid Al Futtaim has outlined plans to invest PKR40bn (US$256.1m) in Pakistan. Expansion into new cities Since 2009, Majid Al Futtaim has invested PKR8bn (US$51.2m) in Pakistan. It now operates seven Carrefour hypermarkets and one Carrefour Market supermarket in four metropolitan cities. The retailer will mainly focus its expansion in tier two cities. It hopes to reach a network of 50 ...
24 June 2019
French grocery retailer Carrefour has signed an agreement to sell 80% stake of its China operations to Suning.com in a deal worth about US$700m. Carrefour may exit China completely The transaction is expected to close by the end of 2019, subject to regulatory approval. Carrefour will retain a 20% stake in the business and two out of seven seats on Carrefour China’s Supervisory Board. Howeve...
07 June 2019
Carrefour China has been doing whatever it takes to revitalise its business to stay ahead amid fierce competition from both local bricks and mortar players and the ecommerce giants. The retailer has reported significant improvement (over €100m) in its recurring operating income in its Asia business in the last two years, mainly driven by Carrefour China. What has worked for Carrefour China? ...
08 January 2019
Carrefour has opened its second Le Marché supermarket in Shenzhen, China. Fresh Workshop in-store After launching its first Le Marché supermarket in Shanghai in April last year, Carrefour has now opened a second store in Shenzhen. In the new store is a Fresh Workshop area, providing shoppers convenience and fun. It combines retail and foodservice, allowing customers to purchase fresh...
24 October 2018
We have seen several retailers across Asia launch their own e-wallets recently, including AEON in Malaysia, and FamilyMart and Carrefour in Taiwan. AEON launches its own e-wallet Earlier this year, AEON introduced its e-wallet app. Available to download on Google Play and Apple App store, AEON's e-wallet allows shoppers to pay and earn points at participating AEON stores (AEON Big Hypermark...
19 October 2018
Carrefour announced a strategic collaboration with Dada-JD Daojia, an online grocery and delivery firm owned by JD.com. New business platform Around 6,000 products are available to be traded on the new online platform, of which 400 are imported goods. These products cover multiple categories including fruit and vegetables, dairy, ready-to-eat, BWS (beer, wine and spirits), snacks, cooking i...