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

First, catch up with Amazon. Second, make deals in China

TRD WEEKEND EDITION /
Jan.January 28, 2018 03:54 PM

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


Related Article

arrow_forward_ios

Embattled Prodigy Network CEO Rodrigo Niño to step down

Bizarre case of deed fraud complicated Anbang’s $5.8B hotel portfolio deal

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

General contractors are suffering under Trump’s new tariffs on Chinese goods

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark

This East End icon might finally be closing in on a sale

arrow_forward_ios