date:Jul 09, 2014
Carrefour is planning to close its five Indian stores at the end of this September.
The first Indian store was opened less than four years ago in 2010 and all five stores are all cash and carry wholesale stores. India is the only country in Asia where Carrefour operates cash and carry wholesalers.
It is believed that the company has invested around 37 million in its Indian operations. It has been exploring options in recent months to rescue its flagging Indian operations, however it failed to