Carrefour Halts Argentina Sale, Moves to Open New Stores and Hire
The group paused a potential divestment after offers were deemed too low.
Overview
- Carrefour Argentina CEO David Collas announced two new Maxi stores and 40 Express openings this year, creating more than 400 jobs.
- The local plan targets a 6‑point volume increase with an emphasis on debit transactions.
- Digital and financial initiatives include relaunching the app, expanding the Digital Account and strengthening Banco de Carrefour.
- Carrefour suspended the Argentina sale after a strategic review found bids, reported near US$650 million from GDN and Intercorp, did not reflect the unit’s value.
- Under the Carrefour 2030 strategy, investment centers on France, Spain and Brazil, while Argentina focuses on operational improvements with future options left open.