Carrefour Begins the Process to Exit Romania

The French retailer Carrefour is preparing to sell its stores in Romania and is analyzing a possible exit from the local market, along with other countries. For now, it has already given up on one large store, the one in the Supernova Shopping Center in Pitesti.

The French retailer has hired BNP Paribas Investment Bank as a consultant for this project.

Carrefour sales in Romania approached 2.3 billion euros after the first nine months, up 1.9% compared to the same period last year, but the advance slowed down sharply in the third quarter, amid austerity measures, which are affecting consumer confidence.