The Real Deal New York

Here’s what Europe’s largest retailer has
in store for the future

First, catch up with Amazon. Second, make deals in China
January 28, 2018 03:54PM

Left to right: woman shopping; Carrefour Market in Voisins-le-Bretonneux (Credit back photo by Lionel Allorge; front photo by Pixabay)

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

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