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Carrefour hits a billion in the region

Carrefour's regional stores turned over US $1 billion in 2004, according to its local franchisee.

Carrefour stores in the Middle East turned over more than US $1 billion in 2004, according to the local Carrefour franchisee. MAF Hypermarkets, which is owned by Majid Al Futtaim Holding (75%) and France-based Carrefour (25%), now runs 13 outlets in the region.

MAF Hypermarkets plans to open five more hypermarkets by the end of 2005 and a further four by the end of 2006. Carrefour stores in the region served around 35 million customers in 2004.

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