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Tuesday, November 21, 2017

Carrefour retail hypermarket to open doors in Armenia in fall

Armenia's first Carrefour retail hypermarket is expected to open this autumn, according to French Ambassador to Armenia Henri Reynaud.

Reynaud, speaking at a press conference last week, said he recently met with French entrepreneurs interested in doing business in Armenia. A preliminary agreement was signed in May between Yerevan Mall and Carrefour, with Armenian President Serzh Sargsyan and French President Francois Hollande present for the signing, ARKA reports.

The Armenian Carrefour hypermarket in the Yerevan Mall territory will total more than 710,000 square feet of space built to Carrefour standards.

The French retail trade company Carrefour, operated by Carrefour SA, is the world's second largest chain of hypermarket after Wal-Mart, according to ARKA.