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Carrefour Looks At Other Options in Latin America Before Considering Assets Sale

August 1, 2012: 12:00 AM EST
Walmart is expected to slow down its efforts to acquire Carrefour’s retail operations in Latin America, according to a report by Bloomberg. A partnership with Walmart can help Carrefour catch up with Casino subsidiary Exito, currently the leading retailer in Colombia. Carrefour is also faced with similar trends in Brazil, where the retailer has trailed Casino-controlled CBD and Walmart in terms of investment. However, Carrefour’s newly appointed CEO Georges Plassat wants to first study other options, such as reexamining its strategic direction, before considering a possible deal with Walmart or other potential suitor. 
"Carrefour's LatAm Business A Tempting Proposition For Walmart", BMI Americas Food and Drink Insights, August 01, 2012, © Business Monitor International Ltd
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