Bingo moment for Carrefour as it inks lease transfer agreement with Shoprite for Ugandan stores

UGANDA – A golden opportunity for Majid Al Futtaim, the regional franchise holder of Carrefour, to rapidly expand in the retail sector of Uganda’s economy has unveiled itself. The Dubai based conglomerate has entered into an agreement with Shoprite Checkers Uganda Limited, to take over the six stores of the South African retailer in the East African nation. Following the implementation of the agreement, Majid Al Futtaim will expand its footprint to eight Carrefour stores. “We welcome the opportunity to bring our unique Carrefour offering of unbeatable value, range, international…

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Uganda’s retail sector impacted by exit of foreign investors from the economy

UGANDA – The government of Uganda has launched an investigation into the mass exodus of big foreign companies from the country, the latest being the planned divestment of Massmart’s Game store in the country. The probe also aims to finding out whether there is something government can do to avert any other similar exits and whether there are any other regional markets that are taking advantage of the situation. “We are studying this. I assigned my team to find answers to why each of these companies has exited, the likely…

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Carrefour debuts first automated cashier-less store in the Middle East

DUBAI – French retailer Carrefour has debuted an automated cashier-less store in Dubai in line with its vision to bring futuristic shopping experiences to the Middle East.   The store, the first of its kind in the region, looks like any ordinary convenience store, brimming with sodas and snacks, tucked between sprawling storefronts of this city-state.  The automation however lies in the background and features a sophisticated system of cameras and sensors which tracks people’s movements and the products they pick from shelves.  Once outside the store, customer phones ping…

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Carrefour Kenya takes over Choppies’ space at Southfield Mall opening its 16th outlet

KENYA – Carrefour Kenya, owned by Dubai-based conglomerate Majid Al Futtaim (MAF), has opened a new store at the Southfield Mall in Embakasi, Nairobi as part of its ongoing expansion drive. This is the 16th outlet by the foreign operated retailer in the country, known for offering aggressive discounts on a wide range of consumer goods, a strategy that has helped it curve a substantial chunk of market size. The new branch, according to the retailer targets shoppers from major estates such as Imara Daima, Nyayo Estate, Syokimau and the…

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French retailer Carrefour to sell Taiwanese business valued at US$1.19B

CHINA – French retailer Carrefour is planning to launch a sale of its Taiwan business, which is valued at around 1.6 billion euros (US$1.9 billion) in the coming weeks, according to a Reuters report.  Sources privy to the matter told Reuters that the supermarket chain operator has hired Morgan Stanley to run the sale, which is expected to kick off after the summer.  Carrefour, which has so far not released an official statement on the matter is further said to have approached a number of potential buyers, including private equity firms, to gauge their interest.  The retailer which…

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Carrefour Kenya plans to enter lakeside market with a bang, set for twin openings

KENYA – Carrefour Kenya, operated by Dubai-based conglomerate Majid Al Futtaim, is set to open two branches in Kenya’s third largest city, Kisumu, in pursuit to get a piece of the lakeside’s growing middle-class shoppers. The two stores will be located at United Mall and Market MEGA, adopting the hypermarket and supermarket models respectively. They are set to open doors in July and August, offering customers an assortment of fast-moving consumer goods (FMCG) at affordable prices, reports Star News. “Kisumu is the third city we are investing in after Nairobi…

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European retail giants Tesco, Carrefour end purchasing agreement after a three-year stint

EUROPE – British multinational grocery retailer Tesco and French retailer Carrefour have split after terminating a three-year alliance initially designed to trim costs.  A statement from both companies revealed that the collaboration which started back in July 2018 will formally end at the end of this year.   During the unveiling of the agreement three years ago, the retailers had said their coming together would boost their competitiveness and improve the quality and choice of products for customers.  At the time, both supermarkets said the alliance will cover the strategic relationship with global…

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Carrefour Kenya takes over Shoprite’s space at Garden City mall, opens 13th outlet

KENYA – Carrefour Kenya, has opened its 13th store in Kenya at the Garden City mall, taking over the space previously occupied by the exited South African retailer, Shoprite.  The new store is its second on the bustling Nairobi-Thika highway, joining the outlet at Thika Road Mall. According to the supermarket chain owner, the new branch will operate as a Carrefour Market focusing on stocking a wide range of food items and selected non-food items alongside small electrical appliances. It is set to create both direct and indirect job opportunities…

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Carrefour Kenya ordered to revise supplier contracts by Competition Tribunal following allegations of abuse

KENYA – Carrefour Kenya, operated by Dubai-based conglomerate Majid Al Futtaim is the second major retailer to be in hot soup for the abuse of Competition Authority of Kenya’s (CAK) Buyer Power. The retailer has been ordered to revise all its agreements with some 700 suppliers within a month after the Competition Tribunal found it has been exploiting traders. This follows the supermarket chain owner losing an appeal at the Competition Tribunal, where the CAK and yoghurt supplier, Orchards Limited were respondents. Orchards filed a complaint against the retailer on…

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France latest country to be included in Carrefour’s grocery delivery partnership with Deliveroo

EUROPE – French retail Carrefour has announced that its grocery delivery partnership with Deliveroo will be now expanded to include stores in France. The partnership will enable the French retailer to deliver on-demand groceries in less than 30 minutes to their customers’ homes. The service is already available in Belgium, Italy, and Spain. It will available in Paris with plans for a rollout to 10 other top cities over the coming months. Meanwhile the rollout is picking up speed in Belgium with the extension of the service to Antwerp in…

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