Deals
Carrefour Weighs Options for China Including Sale
- French retailer working with an adviser, approaching suitors
- Company could seek about $1 billion for the Chinese business
A bicycle taxi driver awaits customers outside a Carrefour SA store in Beijing.
Photographer: Nelson Ching/Bloomberg
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Carrefour SA is weighing options including a sale of its Chinese business, mirroring other international consumer firms that have decided to exit the country in recent years, people familiar with the matter said.
The French retail giant is working with an adviser and has begun reaching out to potential suitors, the people said, asking not to be identified because the deliberations are private. Carrefour could seek about $1 billion for the Chinese business, though it may also opt to divest just a stake or decide against a sale, the people said. No final decisions have been made, they said.