On 25 June 2013, it was reported that French hypermarket operator Carrefour SA is exploring a sale of its China and Taiwan businesses that would involve either an initial public offering in Hong Kong or putting some of those assets in a tie-up with another company, according to people familiar with the matter…Full-text article: Fresh Plaza June 2013

On 19 June 2013, it was reported that Carrefour SA, the world’s second-largest retailer by revenue, said on Monday that it will set up operations in 30 new Chinese cities in the next three years…Full-text article: Fresh Plaza June 2013

Key Point

  • Carrefour is the 4th largest (6.9% market share as of 2012) hypermarket chain in China. Sun Art Retail Group Ltd. is the leader with a 13.6% market share and currently has 220 outlets in over 60 cities. Carrefour has a dominant position in Taiwan, with a 48.1% market share (also as of 2012).

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