Wal-Mart may be interested in buying Carrefour locations if Carrefour decides to sell them, according to source close to Wal-Mart
January 30, 2012
– Wal-Mart Stores Inc. may be interested in buying Carrefour SA locations if Carrefour decides to sell them, according to a report in U.K. newspaper the Independent that cited a person close to Wal-Mart, Bloomberg reported Jan. 29.
A grandson of Wal-Mart founder Sam Walton, Steuart Walton, is in charge of the company's European expansion, and is keeping watch on Carrefour, which has faced eroding market share and profits in recent quarters.
The primary source of this article is Bloomberg, New York, New York, on Jan. 30, 2011.