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: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X