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Carrefour entry complications may have repercussions

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  • Carrefour entry complications may have repercussions

    FreshPlaza, Netherlands
    Feb 14 2013

    Carrefour entry complications may have repercussions


    The problems experienced by Carrefour in their attempts to enter the
    Armenian marketplace, may have repercussions for the country's rating
    amongst international businesses.

    Zhamanak (Time) newspaper, referring to its sources, reported that
    Russian businessman and owner of Dalma Garden Mall Samvel Karapetyan
    suspended his contract with famous French retail chain Carrefour. The
    newspaper also said his decision was caused by opposition of Samvel
    Alexanyan who imports essential commodities to Armenia and whose
    business may suffer if Carrefour arrives.

    Armenian prime-minister Tigran Sargsyan said that Armenia is very
    interested in Carrefour's arrival and that the government will do its
    best to help the famous retail chain come to Armenia.

    According to the prime-minister, Carrefour and Samvel Karapetyan
    signed not an agreement, but a memorandum about intentions and had
    disagreements around it.

    http://www.freshplaza.com/news_detail.asp?id=105960#SlideFrame_1


    From: Baghdasarian
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