Carrefour Buys Turkish Chain

Carrefour has entered into a deal to acquire Ipek, a Turkish supermarket chain. The $29.8 million deal will allow the French retailer to take control of a few dozen supermarkets in the Istanbul area."This transaction illustrates Carrefour's strategy

April 6, 2018

Carrefour has entered into a deal to acquire Ipek, a Turkish supermarket chain. The $29.8 million deal will allow the French retailer to take control of a few dozen supermarkets in the Istanbul area.

"This transaction illustrates Carrefour's strategy of reinforcing its presence in growth countries where the group has leadership positions," the retailer said in a statement.

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