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French retail giant targets Norway

Press Release   •   Oct 30, 2003 15:36 CET

The world’s second largest retail chain, France’s Carrefour, is entering the Norwegian retail sector.

The Group, which has an annual turnover of approximately DKK 500 billion, has signed a franchise agreement with Norway’s largest retailer, NorgesGruppen. whose 1,900 stores account for 34 per cent of the Norwegian market.

Under the agreement, a number of NorgesGruppen’s outlets will sell Carrefour products. The shops will be marketed under the name “Champion,” the name of one of Carrefour’s chains.