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  • Passions For Carrefour: Delay In Famous French Retailer'S Arrival In

    PASSIONS FOR CARREFOUR: DELAY IN FAMOUS FRENCH RETAILER'S ARRIVAL IN ARMENIA LINKED TO 'OLIGARCHIC' OPPOSITION

    Business | 30.01.13 | 13:04

    By Siranuysh Gevorgyan
    ArmeniaNow reporter

    Europe's largest supermarket chain owner Carrefour is still studying
    the Armenian market. Despite expectations in Yerevan that already this
    year the Armenian capital would get an international supermarket, the
    French multinational retailer's representatives have indicated that it
    could take another year before the company enters Armenia.

    The French Carrefour supermarket chain has space in the newly opened
    Dalma Garden Mall in Yerevan where the signs on the doors of what
    looks like a supermarket space read since October: "Opening Soon". As
    the opening of the supermarket has not taken place to date (and
    especially since in neighboring Georgia Carrefour already opened its
    supermarket in September) the Armenian media began to speculate that
    its opening is hampered by local oligarchs. According to some press
    reports, due to its much cheaper products and import of own goods
    Carrefour's presence would take a bite out of the businesses of local
    importing and retail trade businesses, in particular the Yerevan City
    supermarket chain owned by government-linked MP Samvel Alexanyan.

    The opposition Haykakan Zhamanak daily wrote last week that according
    to its reliable information, senior Carrefour representatives have for
    a long time tried to meet the highest leadership of Armenia, but have
    not succeeded in doing that yet.

    "Our [leadership] finds pretexts for not meeting Carrefour
    representatives, saying it is now a presidential election, that
    [President] Serzh Sargsyan and [Prime Minister] Tigran Sargsyan are
    very busy. But delaying meetings with Carrefour representatives is
    actually connected with the fact that they cannot answer their
    questions yet," writes the newspaper.

    This publication was followed by a story in Emedia.am, claiming that
    instead of Carrefour, Dalma Gardens Mall will have another Yerevan
    City store.

    In reply to a written inquiry of ArmeniaNow, a Carrefour Group press
    officer said that "in line with its strategy of developing the
    Carrefour brand, the Majid Al Futtaim group continues to analyze the
    Armenian market and aims to open its first store in the next 12
    months."

    The company that belongs to Arab billionaire Majid Al Futtaim and
    bears his name is developing the Carrefour brand in the Middle East
    and Central Asia.

    Economic commentator Armenak Chatinyan told ArmeniaNow that
    Carrefour's entrance will certainly bring in more competition to the
    Armenian market.

    "The entrance of any such big brand will in a certain way liven up
    competition, but the thing is that one of our large companies
    [referring to Alexanyan's company] is working in not such a clean tax
    environment. It is not clear how long Carrefour will be able to
    compete in such conditions, but if such a brand is coming, it is not
    ruled out that they may have prior arrangements with the authorities,"
    says Chatinyan.

    Companies owned by Alexanyan's extended family have repeatedly denied
    having any privileged position on the market.

    Civilnet.am, citing its own sources, writes that besides Dalma Gardens
    Mall Carrefour also plans opening two more hypermarkets in Yerevan -
    one near the Hayranik Cinema House in Arshakunyats Avenue and the
    other on the Yerevan-Sevan highway.

    http://armenianow.com/economy/business/42946/armenia_carrefour_french_retailer_supermarkets




    From: A. Papazian
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