FRANCE’S CARREFOUR PUSHES AHEAD WITH ROMANIA EXPANSION
February 1st, 2008
BY ALAN OSBORN
THE FRENCH-OWNED Carrefour food retailer has announced major plans for expansion in Romania where it expects to achieve sales of exceeding Euro 1 billion in 2008. The company's eleventh Romanian hypermarket was recently opened in Braila, with an investment of Euro 20 million, and nine more will be opened in 2008-2009, said a company spokeswoman. Openings scheduled for this year and next include Oradea, Arad, Pitesti, Suceava, Vitan and Berceni and second hypermarkets in Braila, Bucharest and Constanta.
Carrefour's 2007 sales in Romania were up 54% ...
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