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Carrefour to move in Bulgaria
Bulgaria
Tuesday 20 January 2009
Carrefour still in expansion !
France's Carrefour, Europe's biggest retailer, has not given up on the planned rapid expansion in Bulgaria in spite of the global economic slump, said sources close to the company.
The chain has inked a contract to open a 10,000 sq m outlet in Ruse’s Grand Plaza shopping mall, which should be finished in 2010.
Carrefour has been prepping for Bulgarian entry for a couple of years now planning to debut in 2009 and build a 30-strong network of supermarkets and hypermarkets over the next five years.
On November 18 Carrefour sacked CEO Jose-Luis Duran over tepid sales and said it will focus on emerging economies expansion.
Carrefour sold a retail centre under construction on Sofia’s eastbound Tsarigradsko Shose boulevard to Greek fund Assos Capital to follow up with a Bourgas shopping mall unloaded to Gort Holdings and Bridgecorp.
The chain will own Carrefour supermarkets in both complexes.
Carrefour, which has almost 15,000 hypermarkets and supermarkets in 30 countries worldwide, reported over EUR 82 billion in sales for 2007.
The chain has inked a contract to open a 10,000 sq m outlet in Ruse’s Grand Plaza shopping mall, which should be finished in 2010.
Carrefour has been prepping for Bulgarian entry for a couple of years now planning to debut in 2009 and build a 30-strong network of supermarkets and hypermarkets over the next five years.
On November 18 Carrefour sacked CEO Jose-Luis Duran over tepid sales and said it will focus on emerging economies expansion.
Carrefour sold a retail centre under construction on Sofia’s eastbound Tsarigradsko Shose boulevard to Greek fund Assos Capital to follow up with a Bourgas shopping mall unloaded to Gort Holdings and Bridgecorp.
The chain will own Carrefour supermarkets in both complexes.
Carrefour, which has almost 15,000 hypermarkets and supermarkets in 30 countries worldwide, reported over EUR 82 billion in sales for 2007.
