Saturday, April 29, 2006

Retail: Carrefours sells South Korean stores for $1.85 billion to local fashion retailer

Carrefour has sold its South Korean stores for $1.85 billion to local fashion retailer E-Land Ltd. in a surprise deal that left favourite Lotte Shopping Co. and Britain's Tesco Plc. empty-handed.

There are numerous articles on this story but I have provided the link to CNN

Korea sale nets Carrefour $1.85B