PropertyEU

Carrefour withdraws from Switzerland

By A staff reporter 2007-08-21T00:00:00

French retail giant Carrefour is withdrawing from the Swiss market after failing to meet its growth targets in the Alpine country. As part of the retreat, Carrefour is selling its 50% stake in hypermarket operator Distributis to retailer Coop for EUR 287 mln. 'With 12 hypermarkets and 1.1% market share, ...

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