9/11/2009

After opening its first hypermarket in Moscow this year and its second store in Russia on Thursday, France's Carrefour said it will continue to pursue Russian acquisition targets. "For Carrefour, [the] Russian retail market has outstanding long-term potential. Despite the crisis, we are not going to change our long-term vision of this country," said Carrefour's Russian director, Jacobo Caller. "With Brazil, India and China, Russia is one of the priorities in the long-term expansion of Carrefour."

Full Story:
Reuters

Related Summaries