• Mon
  • Dec 29, 2014
  • Updated: 11:20pm

Carrefour

Foreign supermarkets find competition tough in China

Foreign supermarkets are losing out to mainland stores that are better located and given support by the government. Photo: Reuters

Foreign supermarket chains are struggling to compete on the mainland and should expand their online sales platforms to boost their revenues, industry insiders say.

Saturday, 23 February, 2013, 4:51am

Carrefour sells control of Indonesia unit

Shoppers leave a Carrefour supermarket in central Bangkok January 22, 2011. A battle between large supermarket operators to tap into Southeast Asia's growing consumer wealth could trigger more acquisitions, with Indonesia, Vietnam and the Philippines seen as the next hot spots. ( REUTERS/Damir Sagolj)

Carrefour said on Tuesday it had agreed to sell its 60 percent controlling stake in its Indonesian supermarket operations to closely held CT Corp for 525 million euros (US$672.78 million).

The sale is the latest in a series of moves by Europe’s largest retailer to retreat from secondary markets as it seeks to cut debt and refocus on its core operations.

20 Nov 2012 - 4:11pm

Aeon buys Carrefour Malaysia assets

Carrefour, France's biggest grocer, agreed to sell its Malaysian operations to Aeon, Japan's largest retailer, for €250 million (HK$2.5 billion).

The sale was effective immediately, Carrefour said in a statement. The retailer is the fourth-biggest in Malaysia, where it had 26 stores and €400 million in sales in the 12 months to June 30, the company said.

2 Nov 2012 - 5:30am

Automation wave 'set to hit' stores in China

Hypermarkets are among "early candidates for automation".

Telecommunications equipment supplier Motorola Solutions forecasts major retailers in China to drive a steady rollout of advanced, mobile automation systems in their stores over the next few years.

The US-based company said it would be involved in "a lot of high-level pilot projects that will happen shortly on the mainland and in Hong Kong".

5 Oct 2012 - 9:03am

French retail giant says it will leave Singapore by year's end

After aggressive expansion in Asia, the French retail giant last month reportedly put Indian expansion on ice, and is now planning to leave Singapore by the end of 2012. Photo: AFP

Carrefour said on Tuesday that it was pulling out of Singapore with the closure of its two existing outlets in the city-state by the end of this year. The French retail giant was the first to introduce the hypermarket concept in Singapore with the opening of its first store in 1997.

28 Aug 2012 - 5:25pm

Sun Art shrugs off slowing Chinese economy; earnings leap 75 per cent

A shopper checks her phone at a Beijing mall. File photo: AFP

China’s largest hypermarket chain, Sun Art Retail Group, posted a 75 per cent jump in first-half net profit on Tuesday, helped by effective cost controls and an expanded sales network, highlighting its resilience to an economic slowdown that has sapped consumer demand and bloated inventories.

28 Aug 2012 - 9:25am

Locals regain ground at home

Chinese retailers who braced themselves a decade or so ago for an influx of competitors, such as Carrefour and Walmart, have matched, and in some cases, even outclassed their giant international rivals.

21 Nov 2011 - 12:00am

My Olympics

Christina Lionnet

I came back to see the Games, but also to meet up with old friends in a city I love,' said Lionnet, who moved back to Paris 18 months ago after working in Beijing as a freelance journalist for nearly four years.

14 Aug 2008 - 12:00am

Protesters in six cities decry Carrefour

Students rally, but many shoppers continue to use French chain stores

Protests against French retailer Carrefour took place again yesterday in several mainland cities, despite tentative government moves to cool the anti-foreign sentiment of recent weeks.

2 May 2008 - 12:00am

letters

No more violence over Olympics

I think the Tibetan and foreign demonstrators who obstructed the Olympic torch relay are unreasonable.

On the other hand, some Chinese people have hindered the normal operation of the Carrefour supermarkets.

Aren't both parties being irrational?

29 Apr 2008 - 12:00am

Scholars warn against the rise in 'blind, narrow xenophobia'

A group of scholars has issued a statement against rising nationalistic and xenophobic sentiment on the mainland, warning that it threatens the country's development.

28 Apr 2008 - 12:00am

Protest-hit chain pulls promotion

French supermarket giant Carrefour has stopped a planned nationwide promotion for the Labour Day holiday in the hope of avoiding more protests at the company's branches by angry mainlanders.

26 Apr 2008 - 12:00am

Beijing appeals for calm as rallies spread to more cities

Carrefour chain remains focus of demonstrations

Beijing repeated calls for calm amid an 'eruption of nationalist passion' as protests targeting French supermarket chain Carrefour spread to more mainland cities yesterday.

21 Apr 2008 - 12:00am

Economic reality will put paid to boycott

After simmering in internet chat rooms for more than a week, the popular backlash against western support for Tibet, 'biased' overseas media reports, and the protests during the Olympic torch relay finally erupted over the weekend with protests in Beijing and several other major mainland cities.

21 Apr 2008 - 12:00am

Olympics anger swells protests

Thousands turn out for anti-French rallies

Anti-French protests snowballed across the mainland yesterday as tens of thousands of protesters brandished banners defending China, attacking Beijing's critics and backing the Olympics.

20 Apr 2008 - 12:00am

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