Carrefour denies exit report

Updated 2017-12-22 16:00:17 Global Times/Agencies

Global retailer Carrefour on Thursday denied media reports that it will sell its businesses in China, Argentina and Poland, Reuters reported.

The information is false, a group spokesman said, when asked about a report by French monthly magazine Capital.

Carrefour, which entered the Chinese mainland in 1995, has been dealt a blow in China by cooperation between its French rival Auchan and Chinese Internet giant Alibaba, and investors may pressure the company to retreat from the country, according to Capital.

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