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Here’s what Europe’s largest retailer has in store for the future
First, catch up with Amazon. Second, make deals in China
Carrefour, second only to Walmart in the retail world, has big plans to change.
New CEO Alexandre Bompard has earmarked $4.5 billion over four years — six times their current investment — in e-commerce in a bid to catch up with other online retailers like Amazon, who’s rumored to be looking at making a jump into the European market which Carrefour currently dominates, according to The Business Times.
The company also cut a deal with Chinese tech company Tencent and retailer Yonghui giving the two firms a stake in the long-embattled Carrefour China, though Carrefour retains the largest stake. [Business Times] — Erin Hudson