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Carrefour to exit India, shut five wholesale stores

Last Updated: Tuesday, July 08, 2014, 06:46

French retail giant Carrefour SA will shut down its Indian operations and close its wholesale stores in the country, as it exits underperforming markets to focus on reviving its French business.

Carrefour says pulling out of India

Last Updated: Monday, July 07, 2014, 23:23

The company has five wholesale cash-and-carry outlets in India, where it has been active since 2010.

Carrefour looking to exit India wholesale operations: Media reports

Last Updated: Saturday, May 03, 2014, 12:57

The company has seen senior-level exits from its India business recently and some employees may be asked to leave over the next few weeks, the newspaper said, citing unnamed sources.

Govt may tweak retail FDI norms to ease foreign chains' entry

Last Updated: Tuesday, July 02, 2013, 19:01

The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.

Carrefour to face up to $80,000 fine in China

Last Updated: Monday, December 17, 2012, 22:17

Last week, a consumer at China's Taiyuan city complained of a discrepancy between the price displayed on the shelf and the price charged by the cashier at a Carrefour outlet, and reported it to local pricing authorities.

Carrefour forced to shut China outlet over expired meats

Last Updated: Monday, March 19, 2012, 18:40

French retail giant Carrefour has been forced to shut down a store in central China that allegedly sold expired meat products, an official said on Monday.

Fresh protest outside Carrefour store

Last Updated: Wednesday, November 30, 2011, 17:36

Local traders and BJP activists had stated a similar protest on Monday outside the French major Carrefour`s second store in the country.

BJP activists protest outside Carrefour store

Last Updated: Tuesday, November 29, 2011, 15:48

BJP activists and local traders staged a protest outside the world`s second-largest retailer Carrefour`s wholesale cash and carry store here to protest allowing FDI in retail.

Carrefour hails India's retail liberalisation move

Last Updated: Friday, November 25, 2011, 09:31

World No. 2 retailer Carrefour on Thursday hailed India's decision to open its supermarket sector to foreign players and said it would continue to develop its existing cash-and-carry business in the fast-growing market.

Police nab suspect in China Carrefour bomb threat

Last Updated: Sunday, January 09, 2011, 13:03

The bomb threat resulted in rushed evacuation of Carrefour shopping centre.