Retail giant Carrefour to exit India, shut down 5 stores
French major Carrefour, the world's second largest retailer, announced its exit from India, months after the ruling BJP made it clear that it was opposed to FDI in multi-brand retail.Times of India, 1 month ago
Carrefour may exit India
French retail giant reportedly in talks with others in the segment for sale of its five wholesale stores in the country Retailing companies, especially those in the cash and carry or wholesale business, are learnt to be negotiating with French chain Carrefour for buying out its stores. Carrefour, say sources, is exploring the option to exit the India market, following a slowing in its business at home and the new government’s opposition to foreign investment in multi-brand retailing. The ...Rediff.com, 2 months ago
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