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Carrefour beats hasty Russian retreat

Carrefour, Europe's biggest retailer, is to pull out of Russia only months after opening its first stores there, blaming its rapid departure on its inability to reach a "leadership" position in the market.

By Scheherazade Daneshkhu in Paris and Jonathan Birchill in New York

Published: October 15 2009 21:08 | Last updated: October 15 2009 21:08

Source: Financial Times

http://www.ft.com/cms/s/0/97c7805a-b9c2-11de-a747-00144feab49a.html

17 2009 | View: 676 | News / Theme of day | Printint version
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