Carrefour, Europe largest retailer, is exploring the sale of a minority stake in...
PARIS/FRANKFURT/BEIJING - Carrefour, Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China and has started sounding out potential buyers, people familiar with the matter said.
They also said the French company is waiting to see the outcome of an auction for German retail group Metro’s China operations to assess the level of interest. In January 2018, Carrefour announced a partnership with Tencent, which led to the opening of a high-tech store in Shanghai. Recently Carrefour reallocated space in its Chinese hypermarkets through a partnership with Chinese electronics retailer Gome for 11 shop-in-shops.FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe markets set to open slightly higher as investors monitor US-China trade developmentsMarkets in Europe are set to nudge higher at the open Monday, with investors continuing to monitor trade developments between the U.S. and China.
Read more »
Analysis | The Finance 202: Trump dashes hopes of trade peace with China, Europe and JapanAnalysis: Trump dashes hopes of trade peace with China, Europe and Japan
Read more »
Basketball, castles and river boats: A look inside Huawei’s sprawling, Europe-inspired campus in ChinaThe campus design drew inspiration from around the world, with 12 sections based on architectural traditions from different countries, including France and Italy.
Read more »
China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff...
Read more »
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda
Read more »
Dow, stocks fall in late morning trading after higher tariffs on China kicked inStocks fell in late morning trading on Friday after higher tariffs on $200 billion of Chinese goods kicked in after midnight.
Read more »
U.S. planning to support farmers amid China trade spat: agriculture secretaryU.S. Agriculture Secretary Sonny Perdue said on Friday President Donald Trump ha...
Read more »
Will China use its $1.2T of U.S. debt as firepower to fight the trade war?Uncertainties on how escalating tensions will unravel have hurt markets this week.
Read more »
UK sees risk of serious damage from U.S.-China trade tensionsBritish finance minister Philip Hammond said on Friday he was hopeful the United...
Read more »