(Agence Ecofin) – In Kenya, the French retail giant Carrefour posted sales of around 14 billion shillings ($ 139 million) in 2018, an increase of 71% compared to last year. The information was reported by Businessdailyafrica.
According to Majid Al Futtaim, the exclusive owner of the Carrefour franchise in Kenya, this healthy business is proof that the group’s expansion plan is starting to bear fruit.
This strategy is characterized by the deployment of Carrefour’s presence on sites previously occupied by Nakumatt and Uchumi, two historic heavyweights in the distribution market, currently facing financial and management difficulties.
The tricolor group, which already has 6 points of sale in the East African country, announced last week its intention to open a new store by the end of this year.
Overall, Carrefour achieved sales of 85 billion euros in 2018. It has nearly 12,000 stores in more than 30 countries worldwide.