According to the group’s CEO Lars Olofsson, Carrefour is considering to begin start-up operations in Russia in the future. The French retailer entered the market in 2009 but then left due to a lack of prospects for expansion or acquisition of local player that would make it a market leader in the short or medium term. “If we go back into Russia, it will be through an acquisition,” said Mr Olofsson in an interview with the Financial Times.
Source: www.fruitnet.com