Carrefour selling up and moving out of Argentina!!

Quote from UK Man

Typical. Chivilcoy waited years to get one and now they're selling up according to news reports.

https://www-diarionorte-com.translate.goog/307515-carrefo…&_x_tr_pto=wapp

I read a similar story, but NOT that Carrefour is leaving, but the company was looking for a buyer for its Argentine operation.

There's a list here of possible buyers.

Un histórico supermercado confirmó que se irá de Argentina: ¿Cuáles son los dos posibles compradores?

Tras cuatro décadas en el país, el gigante comercial inició un proceso de venta y varias empresas se mostraron interesadas en hacerse con todo el negocio o con…

www.adnsur.com.ar

That is some big news. Not encouraging for anyone expecting international companies to come and invest in Argentina.

Quote

Economics journalist Silvia Naishtat agrees: "Carrefour has become too big for a country that has become too small." The expert warns that the social situation has a decisive influence:

"With a poverty rate of 30% and half the population struggling to make ends meet, Argentina is no longer an attractive market for many major brands."