Carrefour's Planned Investment Looks Off The Pace

Retail giant Carrefour has announced plans to invest BRL2.5bn (US$1.4bn) in Brazil over the next two years. The money will be used to open new outlets, a new distribution centre and possibly to fund a push into internet retailing. The firm is planning to focus its expansion drive on the north and north east of the country - an area where grocery retailing is still relatively immature. The size of the planned investment is significant but is less than that already announced by chief rivals Wal-Mart Brazil and Companhia Brasileira de Distribuição (CBD).

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