Carrefour acquires majority stake in French meal delivery company

FRANCE - Carrefour, one of the largest hypermarket chains in the world, has announced that it has acquired a majority stake in the Paris-based ecommerce start-up, Quitoque. The acquisition of the leader of meal kit deliveries, and one of the French pioneers in food technology is part of a strategy to add strength to its…

Carrefour set to open fifth branch at Sarit Centre mall

KENYA - French retailer Carrefour is set to open its fifth store at Sarit Centre shopping mall in April, taking over space vacated on Sunday by struggling retailer Uchumi. Carrefour, whose local franchise is held by Dubai-based conglomerate Majid Al Futtaim, three months ago opened its fourth store at the Junction Mall, which was previously…

Carrefour spreads wings in Kenya amidst Nakumatt woes

KENYA - Carrefour, one of the largest hypermarket chains in the world, has opened its fourth outlet at Junction Mall in Nairobi, Kenya amidst struggling local retail sector in Kenya that has prompted closure of some outlets belonging to giant retailers. Carrefour has taken up the space that was vacated by Nakumatt Holdings allegedly due to debt…

Carrefour seeks regulator nod to lock out rivals in Kenyan malls

KENYA - Carrefour has rattled the market with a new push to lock out competition from prime locations in Nairobi. The retailer, run by franchise holder Majid Al Futtaim Holding, now wants to stop rivals from gaining tenancy at The Hub Karen, where it has an outlet, after making a similar application to the Competition…

Choppies builds US$200m war chest for branch expansion

KENYA - Botswana’s Choppies plans to open between 20 and 25 branches in Kenya, as it races to take advantage of the market gap created by woes facing Nakumatt and Uchumi. The retailer, which is largely a budget store with operations in seven African countries says it has Sh20 billion (US$200m) to pump into its expansion in Kenya in the next…

Despite setbacks, Kenyan supermarket sector amongst best in Africa

KENYA - Kenya’s retail sector is still among the most attractive for long-term investors in sub-Saharan Africa despite cash flow challenges that have left giant Nakumatt Holdings on the brink of collapse, a new report has suggested. The interest is largely fuelled by the sector’s growth. It has outperformed the economy in the last five…

Supermarket surge on the cards in Ivory Coast

IVORY COAST - Despite Cote d’Ivoire still being dominated by a traditional trade retail base, the Nielsen Shopper World Conference held in Abidjan, Cote d’Ivoire, has found that the country’s modern trade arena has seen the greatest evolution in the last two years and therefore holds the most potential for growth. This has been spurred…

Carrefour takes Thika Road outlet after Nakumatt exit

KENYA - French retailer Carrefour will next month take over Nairobi’s Thika Road Mall (TRM) space vacated by struggling rival Nakumatt Holdings. This will be the third outlet for Carrefour, whose local franchise is held by Dubai-based conglomerate Majid Al Futtaim. The new store is expected to employ 200 people, raising the company’s staff count…