Carrefour Sells Chilean Hypermarkets
PARIS - Carrefour has sold its seven Chilean hypermarkets to Chilean retail group Distribution y Servicios (D&S) for euro 100 million ($126.6 million) because of competition and a lack of options for expansion, according to published reports.
Carrefour, Europe's largest food retailer, has been active in the Chilean market since 1998. The company said it isn't planning a complete withdrawal from Latin America, and that it would continue to pursue its multi-format expansion in the four remaining countries there in which it is established.
Carrefour, Europe's largest food retailer, has been active in the Chilean market since 1998. The company said it isn't planning a complete withdrawal from Latin America, and that it would continue to pursue its multi-format expansion in the four remaining countries there in which it is established.