Carrefour weighs sale of China business

Source: .bloombergquint, Thursday, May 9, 2019

Carrefour is reportedly weighing options including a sale of its Chinese business, mirroring other international consumer firms that have decided to exit the country in recent years.

The French retail giant is working with an adviser and has begun reaching out to potential suitors. Carrefour could seek about USD1 billion for the Chinese business, though it may also opt to divest just a stake or decide against a sale.