South West | Retail, FMCG

Carrefour in $100m Krasnodar supermarkets deal

9 Sep '08
French retail giant Carrefour has announced it is to sign an agreement of cooperation with regional authorities in Krasnodar over a deal to invest $100m building supermarkets in the region.

Under the plan, the the firm would build the supermarkets over a five-year period.

A spokesman from the regional authorities told Marchmont the two parties were set to put pen to paper at the Sochi Investment Forum to be held on 18-19 September.

The spokesman added the terms were still to be discussed and would be this week.
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Tags: food (73) / Carrefour (7) / supermarket (33) / Sochi Investment Forum (0) /

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