Suning acquires controlling stake in Carrefour’s China business for US$670m

CHINA – Chinese retail giant, Suning has completed acquisition of 80% stake in French supermarket Carrefour’s China business in an all cash transaction worth 4.8 billion yuan (US$670 million). The deal was announced in June […]

Carrefour Kenya reassures consumers of meat quality as expose reveals unregulated use of preservatives

KENYA – Carrefour Kenya has reassured consumers across the country of consistent meat quality offered on its shelves affirming that it does not use preservatives to prolong the shelf life of meat. This follows an […]

Carrefour agrees to sell stake in logistics property for US$326m

FRANCE – French multinational retailer, Carrefour has announced that it has agreed to sell the entire share capital of its logistics real estate property assets to property company Argan for 290 million euros (US$326 million). […]

Carrefour franchisee to open first Ugandan store in expansion plan

UGANDA – Majid al Futtaim (MAF), United Arab Emirates-based operator of Carrefour, has unveiled that it will open its first store in Uganda this year. The French retailer is looking to expand into the region after […]

Mars Petcare, Carrefour join Loop initiative to reduce single-use packaging

FRANCE – Mars Petcare has joined the Loop initiative, a new initiative launched by TerraCycle in collaboration with Carrefour to reduce single-use packaging. Loop™ Initiative is said to be the first e-commerce platform that aims […]

Nestle and Carrefour partner to offer full brand traceability using blockchain

FRANCE – Nestle and the French retail giant, Carrefour have partnered to use blockchain technology to offer full traceability of famous mashed potato brand, Mousline purée. Customers in France will be able to have full […]

Carrefour Kenya annual sales grow 71% to US$137.71m amid expansion plans

KENYA – Carrefour, a French multinational retailer, reported remarkable performance in its Kenyan business after growing its annual sales 71%  to US$137.71m during its 2018 financial year. Majid Al Futtaim, the exclusive holder of Carrefour’s […]

Carrefour applies blockchain technology for a traceable milk supply chain

FRANCE – The French multinational retailer, Carrefour has announced that it is using blockchain technology for its products to ensure a transparent and traceable milk supply chain. The technology will enable consumers trace information about […]

Carrefour Kenya inks deal with online platform Jumia to boost grocery, beverages sale

KENYA – French multinational retailer, Carrefour has entered into a definitive agreement with Jumia, a Nigeria-based e-commerce platform to boost online grocery, beverages and other sales. A Business Daily report indicates that the deal will […]