Get the app today! Download iPhone App Download Android App

Carrefour Will Be Keen To Retain 'Laboratory' Aspect Of Chinese Venture: Analysis

Published on Jun 24 2019 9:02 AM in Retail tagged: Featured Post / Carrefour / China / asia / Tencent / Paywall / Suning.com

Carrefour Will Be Keen To Retain 'Laboratory' Aspect Of Chinese Venture: Analysis

While discounter Aldi has just made its first foray into the Chinese market, Carrefour has become the latest big name retailer to announce a retreat from the Asian country.

On Sunday, Carrefour announced it was selling 80% of its Chinese operations to Suning.con in a deal that values the Carrefour China operation, including debt, at €1.4 billion.

Under the terms of the deal, Suning.com, which is backed by Alibaba, has the option to purchase the remaining 20% stake in the business if Carrefour decides to exit the market entirely.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email