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CARREFOUR SHAKE UP: OUT OF MALAYSIA, GREECE, TURKEY, PUSH IN CHINA. Le Monde reports [link in French] that Georges Plassat, in less than one year as Chief Executive of Carrefour, is shaking up the foreign presence of the world’s second biggest retailer after the US WalMart.

The group has pulled out of Greece, Turkey, Singapore, Indonesia and Columbia, in a departure from a trend since 2000 of expanding into new markets. Instead, Carrefour’s strategy is more focused on China, where it trails behind, among others, it’s main French rival Auchan. The latter has forged a local partnership with Ruentex sharing a distribution network: Sun Art Retail Group.

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