Carrefour is beating a dignified retreat from China, says cbeddor:
French retailer Carrefour said on June 23 that it had agreed to sell 80% of its Chinese operations to Suning.com for 620 million euros in cash. The deal values Carrefour China at 1.4 billion euros, including debt.
It is expected to close by the end of 2019, pending regulatory approvals.United States Latest News, United States Headlines
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