This acquisition will enable Suning to better utilize Carrefour
's well developed supply chain, talents and operational experience resources to greatly enhance its market competitiveness.
The Minister of Social Solidarity, Ghada Waly, explained that the signing of the MoU aims to provide 1,000 job opportunities for young job seekers by providing decent job opportunities through the networking of the beneficiaries of the ministry's "Forsa" programme with Majid Al Futtaim Retail (Carrefour
Group will retain a 20% stake in the business and two seats out of seven on Carrefour
China's Supervisory Board.
will retain a 20% stake in the business and two seats out of seven on Carrefour
China's supervisory soard.
will continue to demonstrate its commitment to the local communities and environment, positively contributing to a wide range of initiatives to create great moments for everyone everyday.
The statement said that Carrefour
Business will initially have more than 4,000 products, ranging from fresh and dry food to personal care products, appliances and textiles, separate to what is already being sold in Carrefour
Food transition has turned into a global movement, and Carrefour
wants to drive the market change through its wealth of experience, the omnipresence of its outlets, and its vast product range.
Najib Haddad, country manager for Carrefour
Oman at Majid al Futtaim Retail, said, 'The new Carrefour
Oman mobile application, along with the innovative MyCLUB digital customer rewards programme, represents our ongoing commitment to our customers to offer best-in-class value to their shopping experience, creating great moments for them every day.
An additional payment will be made by Carrefour
to Conforama should Carrefour
launch a takeover bid for ShowroomprivA(c) within eighteen months of the completion of the transaction.
Jerome Akel, country head for Carrefour
Bahrain, said: "We have finalised the rebranding process of all six former Geant stores to Carrefour
As one of the region's largest retailers, Carrefour
constantly monitors health and fitness trends, and is seeing that organic products are becoming increasingly popular.