Carrefour To Divest South East Asian Operations?

Reflecting the company's long-held strategy of exiting any market in which it is not, or does not have a chance of becoming a top three player, French retail giant Carrefour is reportedly planning to offload its Malaysian, Thai and Singaporean networks. Reports claim that Carrefour hopes to raise around US$1bn for the sale; a significant sum for a combined 58-outlet-strong network. However, BMI would expect interest in any sale to be high, with emerging markets (EM) remaining at the cornerstone of most expansionary multinational retailer's growth strategies and consequently it is a price tag that could be

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