Carrefour sells a large stake of its China business
Bloomberg News
(Bloomberg)—Carrefour SA has agreed to sell an 80% stake in its China unit for 4.8 billion yuan ($698 million) in cash to local retailer Suning.com Co. as it rethinks its exposure in the world’s No. 2 economy after years of decline. The yielding of control comes after a long search for a partner for the […]