Carrefour Set To Strengthen Heavily In Promising Market

Having so far played it safe in the large but low spending Egyptian market (the population is close to 80mn), French grocery retail giant Carrefour is thought to be preparing a major expansion push. According to French publication La Lettre de l'Expansion (September 14), Carrefour plans to develop a footprint of 17 hypermarkets and 70 supermarkets over the next five years - a move BMI sees major promise in.

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