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#48271 - 26 Mar 07 10:49 GOI/Carrefour to Open 10 New Hypermarkets
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
From Government of Indonesia

Carrefour to Open 10 New Hypermarkets

Carrefour, the largest hypermarket operator in the country, plans an additional investment of $207 million to open 10 new outlets in 10 provincial capitals in the country.

The French retailer, which already has 29 outlets in eight other provincial cities, has secured the license from the government to open the new outlets, Antara reported on Wednesday (21/3/07).

In the Greater Jakarta area alone including Jakarta, Bekasi, Bogor, and Tangerang, it has 20 outlets, a company source told Bisnis Indonesia.
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#48301 - 26 Mar 07 13:49 Re: GOI/Carrefour to Open 10 New Hypermarkets [Re: KuKuKaChu]
doremi Offline
Member+++

Registered: 17 Jan 07
Posts: 488
Loc: slouch couch
Kuku, do you know if Carrefour owns the buildings or lease in Indonesia? I read recently about a majority shareholder (French national) wants to sell most of Carrefour's properties worldwide and lease them back to Carrefour. WalMart is doing the same thing for tax credit; apparently owning properties is not a beneficial as leasing.

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