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Carrefour wants to sell its business in Poland

Carrefour wants to sell its business in Poland

Carrefour plans to sell its subsidiaries in Poland and Taiwan and has commissioned KPMG to review them, Reuters reported, citing French weekly magazine Challenges.

However, on Wednesday, Carrefour expressed a reservation that it had begun to consider the possibility of consolidating, withdrawing investments or merging foreign subsidiaries, But no decision has been made to sell any assets Reuters reports.

As part of its future strategy, Carrefour is considering the critical mass of its international subsidiaries and possible future steps in terms of consolidation, alliances or divestitures. The process is just beginning, and Carrefour denies any decision to sell the assets– A company spokeswoman informed.

As Reuters reports, Europe’s largest grocery retailer is in the process of implementing a 5-year plan, launched in early 2018. It supposes to reduce costs and increase investment in online business. The plan is designed to help generate better profits and fend off the growing competition from Amazon.

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