The poor economic climate has forced French retailer Auchan and local partner RetailCorp to close the Auchan hypermarket in the shopping mall of DragonMart in Dubai, Auchan said on Thursday.
The decision will, however, have no impact on Auchan's accounts, the company said in a statement.
Auchan signed in 2008 an agreement with Nakheel, a Dubai World company, to create a joint-venture called Hypercorp LLC to operate across the Gulf.
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