Retail in China

Carrefour feels the pressure from Metro sale of China ops

The French retailer has sought to close a deal for its China business for over a year, but now its suitor, Tencent affiliate Yonghui, is courting Metro.

Europe’s largest retailer Carrefour was already struggling to pressure its Chinese partners to close a deal, first announced more than a year ago, for its faltering Chinese business. But now German rival Metro’s concurrent Chinese auction is piling on the pressure.

¬ Haymarket Media Limited. All rights reserved.

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