Carrefour To Pursue Organic Expansions

French mass grocery retail (MGR) behemoth Carrefour has confirmed plans to expand its Turkey-based business organically through its domestic subsidiary Carrefoursa - a venture between Carrefour and the diversified Turkish conglomerate Sabanci Holding. Carrefoursa plans to launch 60 stores by the end of 2009 having already opened 29 stores through the first half of the year. Although the retailer has yet to confirm which store formats the new launches will come under, BMI notes that Carrefoursa's strength across the discount, hypermarket and supermarket formats mean it is strongly placed to capitalise on our forecast that through to 2014, MGR sales

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