123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

The Woo Group Begins Trading Retail Giant Carrefour

By Author: Woo Group
Total Articles: 24

Aug. 13, 2013 - HONG KONG -- Carrefour SA is in the first stage of expanding into Africa; Analysts at The Woo Group believe there is massive profit potential for the retailer. In the past, retail companies have had trouble expanding into Africa due to the lack of distribution networks and available real estate. But Carrefour seems to have solved this problem; they have formed a partnership with CFAO SA, the largest supplier of cars, trucks, and pharmaceuticals in Africa. Carrefour now plans to open retail outlets in eight African countries by 2015.

CFAO, which owns 55% of the venture, plans to generate 1 billion Euros a year in 10 years from the joint project and from shopping malls that it has planned. “The venture will take advantage of an increasing number of Africans who want a one stop shop with modern amenities like refrigeration. The challenge is creating distribution channels, but with CFAO´s local connections with governments and companies will greatly facilitate the process,” said Dr Lian Cheung, Head of Investment Analysis. Carrefour shares are up almost 70% since Geroges Plassat took over as CEO last year, boosted by exiting markets, notably Greece and Colombia and `promising to focus on key markets especially France. While expansion into Africa may seem contrary to Plassat´s strategy, the partnership with CFAO greatly reduces the risk for Carrefour.

Their first joint project will begin later this year in Ivory Coast and should be running by 2015, according to a statement from CFAO. Retail outlets are also planned for, Nigeria, Ghana, Cameroon, Congo, Gabon, Senegal, and the Democratic Republic of the Congo.

The biggest 18 cities in Africa will have a combined spending power of $1.2 trillion by 2030 compared with France´s estimate of $539 billion, according to The Woo Group, Carrefour has more than 4,500 stores in France, meaning there is the potential to open hundreds if not thousands of outlets in Africa. The continent is significantly lacking in retail options. A considerable portion of the population has the means to buy from these stores, but the stores are not there.

Total Views: 104Word Count: 348See All articles From Author

Business Articles

1. Advantages And Disadvantages Of Concrete Staining
Author: Ben Lager

2. What To Look For When Hiring An Ocean Freight Shipping Company
Author: William Santos

3. Top 4 Advantages Of Concrete Coating
Author: Ben Lager

4. Centrifugal Blower Manufacturer In India|centrifugal Blower Fan
Author: sara

5. Building A Modern Architecture Homes- Planning And Concept
Author: Leila Adam

6. Thorough Proofreading Finesses Documents, Raises The Organization’s Reputation
Author: NetZealous LLC, DBA TrainHR

7. Design And Build Contractor Singapore – Get The Best Services From Interior Renovation Contractor!
Author: James Han

8. Meishen–a Bright Star In Magnesium Oxide Industry
Author: hu Allen

9. Grow Customer Base And Market Presence With Pharmacist Email Lists For Your Business Campaign
Author: Adam Tyson

10. Adapt New Forms Of B2b Communication With Infection Control Directors Mailing List
Author: Andrew Rayel

11. Moby Wrap Baby Carrier
Author: babycarriersaustralia21

12. Care For Your Deck
Author: Blue Star Carpentry has been specializing in custom decks for over a decade. When you sit outside wi

13. How Does A Small B2b Company Increase The sales?
Author: Mohit Yadev

14. Latest Job Vacancies In India
Author: careersresults

15. Why Are Aap And Congress Supporters Opposing A Tax Reform Like The Gst? Are They Anti-nationals?
Author: Mohit Yadev

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: