China: Legal tussle between Carrefour and Suning over takeover deal

An article by Sophie Baqué

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Publication

19 October 2023 à 19h42

Updated on 10 November 2023 à 16h23

Reading time

2 minutes

Publication: 19 October 2023 à 19h42, Updated on 10 November 2023 à 16h23

Reading time: 2 minutes

Four years after their takeover by Suning.com, there's not much left of Carrefour's former Chinese supermarkets. Although a Hong Kong court ordered Suning to pay Carrefour US$134 million, it is contesting the decision and intends to continue legal action

An article by Sophie Baqué

Add mind Retail to your sources

Publication

19 October 2023 à 19h42

Updated on 10 November 2023 à 16h23

Reading time

2 minutes

Publication: 19 October 2023 à 19h42, Updated on 10 November 2023 à 16h23

Reading time: 2 minutes

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Empty shelves, non-payment of suppliers, closed hypermarkets, customers demanding reimbursement of their prepaid cards… Four years after a takeover by Suning.com, Carrefour’s former Chinese stores are in crisis.

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Featured image of the article Sophie Baqué

Sophie Baqué Chief Editor of mind Retail

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