Home / Knowledge / News / Textiles / Carrefour denies closure of its stores
Carrefour denies closure of its stores
08
Jul '10
Denying any shutting down of their store across Malaysia and Singapore, Carrefour Company affirmed that, it was everyday business for them at each store.

More so, with the launch of four Carrefour hypermarkets in Malaysia, early this year, four more stores are scheduled to be introduced by the year-end, revealed a company statement.

Supposedly, as per market rumours, during the past couple of days, Carrefour SA was said to have been seeking for buyers for its properties in Malaysia, Thailand and Singapore, which was likely to raise about US $1 billion.

The so-called sales of these aforesaid properties were to take place, as the company intended to focus on its businesses in China and India, which is providing them with increased growth potential.

Post these rumours, a Thai distributor of people's goods, Saha Pathanapibul Pcl had also shown its interests in bidding for Carrefour SA's stores located in Thailand.

Saha Pathanapibul Pcl's Chairman, Boonchai Chokwatana, said that, Carrefour had contacted them for the probable sales, and that Saha was studying the details of Carrefour's plans to sell its stores in South-East Asia.

More so, another market report revealed that, Big C and Tesco firms too were keen in buying properties in Thailand. While Tesco, Dairy Farm and Japanese supermarkets were interested in buying out the Malaysian stores, Tesco was also keen in the Singapore-based outlets of Carrefour.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Azerbaijan cotton industry created 64,000 jobs last year

Cotton industry in Azerbaijan created 64,000 jobs in 2016, and a...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search