Carrefour stops activities in Algeria

Carrefour and the Algerian group Arcofina have ended their partnership agreement, less than two years after being established, Carrefour said.

 "The concept of mass distribution
does not work in Algeria," added Carrefour. "We had a
Carrefour franchise, but given the development challenges that we
met, we have ended by mutual agreement this partnership," said
Abdelouahab Rahim, CEO of Arcofina. The partnership between the two
groups began in 2006, but only one supermarket opened of 18 planned
by 2012. The private group Arcofina explained the delay to
difficulties in finding available land to open hypermarkets. The
partnership has also been undermined by difficulties in ensuring a
continuous flow of stock into the supermarket, according to press
reports, which also raised strong competition from local traditional
shops.