Turkey a better bet – says Carrefour

Posted on 14 February 2011

Date: 01/08/2007
Turkey a better bet – says Carrefour

Carrefour, the world’s second-largest retailer by sales, announced today that it had agreed to sell its 12 Portuguese hypermarkets to Portugal’s largest retailer for £460 million.

The disposal of the Portuguese stores and the potential expansion in Turkey is part of Carrefour’s strategy of selling what it perceives to be the weaker assets in its broad portfolio of international businesses in order to put resources into more promising territories.

(Source : FT London – 27 July 2007 )

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