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Carrefour Announces Sale of Majority Stake in Its China Operations to Suning.com

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Coresight Research

Key Points

  • Carrefour has agreed to sell an 80% stake in its China business to Suning.com.
  • The agreement includes options for Carrefour to sell the remaining 20% to Suning.com after two years. 
  • The move follows Amazon exiting China and Aldi opening its first stores in the country.
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