French retail giant targets Norway
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- 30 October 2003
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The world’s second largest retail chain, France’s Carrefour, is entering the Norwegian retail sector.
The Group, which has an annual turnover of approximately DKK 500 billion, has signed a franchise agreement with Norway’s largest retailer, NorgesGruppen. whose 1,900 stores account for 34 per cent of the Norwegian market.
Under the agreement, a number of NorgesGruppen’s outlets will sell Carrefour products. The shops will be marketed under the name “Champion,” the name of one of Carrefour’s chains.
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