Carrefour denies Chinese acquisition

27 October 2006 — Beijing (CHN): Carrefour, the French retailer, has denied being interested in making a significant acquisition in China despite recent reports regarding Wal-Mart expanding its presence in the country.

Carrefour will open its seventh store in Beijing tomorrow, taking the number of stores worldwide to 1,000.

 

Carrefour is currently the fourth biggest foreign retailer in China.