Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Companies / Malaysia

Carrefour Turns To Convenience

February 2009 | Company News Alert

Targeting what BMI expects to be the highest growth sub-sector of the Malaysian mass grocery retail industry over our five-year forecast period, French retail giant Carrefour has announced plans to open 100 convenience stores in the country. With Malaysian GDP forecast to grow by just 1.4% in 2009, a downwards revision from an already bearish 3.1% growth forecast, observers have questioned whether this is the right time to invest in the higher price convenience retail

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