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Carrefour To Set Up Its First Store In Armenia In Third Quarter Of 2

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  • Carrefour To Set Up Its First Store In Armenia In Third Quarter Of 2

    CARREFOUR TO SET UP ITS FIRST STORE IN ARMENIA IN THIRD QUARTER OF 2014 AT YEREVAN MALL

    YEREVAN, February 20. / ARKA /. French Carrefour retailer, the second
    largest in the world after Wal-Mart, is expected to set up its first
    Yerevan store at Yerevan Mall in the third quarter of this year,
    according to Vazrik Sekoyan, the chief manager of Yerevan Mall which
    opens officially on February 21.

    "The Yerevan Mall covers an area of about 66 thousand square meters,
    of which about 10 thousand square meters are built to comply with
    Carrefour standards. We expect it to open its first store here in
    Armenia in the third quarter of 2014," Sekoyan said to reporters who
    visited the Yerevan Mall together with President Serzh Sargsyan.

    Carrefour was originally expected to open its first shop at Dalma
    Garden hypermarket in Yerevan owned by a Russia-based Armenian
    businessman Samvel Karapetyan last year shortly after the French retail
    giant launched its store in neighboring Georgia in September 2012.

    However, the chain's entry into the Armenian market was reportedly held
    back by a local wealthy businessman Samvel Alexanyan, controlling
    the lucrative imports of food and fast-moving consumer goods to
    the country.

    Armenian Prime Minister Tigran Sargsyan promised in 2013 to do
    everything possible to ensure that Carrefour was able to open its
    store in Armenia. -0-

    - See more at:
    http://arka.am/en/news/business/carrefour_to_set_up_its_first_store_in_armenia_in_ third_quarter_of_2014_at_yerevan_mall/#sthash.uFVWSfIu.dpuf



    From: Emil Lazarian | Ararat NewsPress
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