UPDATE 1-Dubai's Majid Al Futtaim to expand Carrefour in Middle East with Geant stores buy | Reuters:
"Dubai's Majid Al Futtaim , which operates the franchise of French retailer Carrefour in the Middle East, has acquired 26 Geant hypermarket stores in the United Arab Emirates, Bahrain and Kuwait from BMA International. Majid Al Futtaim, a holding company which also owns and operates shopping centres in the Middle East and North Africa, said in a statement it had acquired Geant franchise owner Retail Arabia from BMA International. The value of the deal, which also includes four Gulfmart supermarkets in Bahrain, was not disclosed."
'via Blog this'
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