Carrefour reportedly pulling back on its India development plans six months after negotiating roughly a dozen real estate leases, citing worsening Indian, international economic conditions
July 9, 2012
(Industry Intelligence Inc.)
– Carrefour S.A. is putting the brakes on its India store-expansion plans because of the weakening domestic and international economy, according to a report in the Business Standard that cited unnamed sources, Dow Jones Newswires reported July 9.
The move comes only six months after Carrefour negotiated about a dozen real estate leases around the country in preparation for expansion, the publication reported, citing its unnamed sources.
The primary source of this article is Dow Jones Newswires, New York, New York, on July 9, 2012.