Carrefour's Bulgarian expansion on track

The international marketing magazine for fresh produce buyers in Europe
Carl Collen

BY CARL COLLEN

Carrefour's Bulgarian expansion on track

The French retailer will continue its rapid expansion in the country despite the current financial climate

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Carrefour, the world's second-largest retailer, has vowed to continue its expansion in the growth market of Bulgaria despite the global economic crisis.

The group recently signed a deal to occupy a 10,000m2 space at the Grand Plaza shopping mall in Rousse, which is due to be completed by 2010.

Additionally, the chain will have supermarkets at Sofia's Tsarigradsko Chaussee and Bourgas-based shopping malls.

The France-based group has previously said that it will build a total of 30 supermarkets and hypermarkets in Bulgaria over a five-year period, with its launch pegged for 2009.

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