In search of cash, Carrefour sells Taiwan

Featured image of the article In search of cash, Carrefour sells Taiwan
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26 August 2021 à 14h11

Updated on 27 August 2021 à 10h19

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Publication: 26 August 2021 à 14h11, Updated on 27 August 2021 à 10h19

Reading time: 2 minutes

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To finance its digital transformation, Carrefour will sell Taiwanese business. It thus leaves Asia for good.
Ajouter mind Retail à vos sources
Publication

26 August 2021 à 14h11

Updated on 27 August 2021 à 10h19

Reading time

2 minutes

Publication: 26 August 2021 à 14h11, Updated on 27 August 2021 à 10h19

Reading time: 2 minutes

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After leaving China in 2019, Carrefour will put its activities in Taiwan up for sale in early September 2021 for €1.6 billion, revealed Reuters, citing three people close to the matter. Carrefour has mandated the bank Morgan Stanley for this purpose. For the French grocery retailer, the Taiwanese business (total sales of €1.3 billion in the first half of 2021, up by 13% at constant rates) is autonomous, very profitable, and does not require Capex from the headquarters.

Lately, it has

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