Newsfeed

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Azerbaijan mounts another sabotage attack on Line of Contact, Armenian side has 1 victim and 2 wounded

Helsinki Citizens' Assembly Vanadzor Office urges Armenian Defense Ministry to look into military conscription of a kyphotic young man

Armenia suffers no losses during crossfire initiated by Azerbaijan on Armenian-Azeri border

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Armenia's former prime minister: The indicator of the economic growth in Armenia is extremely low for the first half of 2014

RPA: OSCE Minsk Group Co-Chairs’ latest statement was addressed to Azerbaijan

French citizen lost in Gegarkunik region of Armenia

RPA does not hurry to assess 100 day activity of Hovik Abrahamyan's government

Serzh Sargsyan sees no need in arming of population of border villages

Seyran Ohanyan: Armenia has been putting in place ‘engineering facilities’ along with other measures to prevent attempts by Azerbaijani sabotage groups to infiltrate into its territory

Charges brought against Levon Hayrapetyan

Azeri State Committee for Refugees: Issues of the return of Dilgam Asgarov and Shahbaz Guliyev and the transfer of Hasan Hasanov's dead body are under control of President Aliyev

Armenian Government tries to repay its debts by transferring state-owned enterprises' assets to a U.S. company

Armenian environmentalists comment on Red Book apes imported to Armenia

All U.S. citizens traveling to or residing in Armenia are strongly encouraged to enroll in the Department of State's Smart Traveler Enrollment Program

The ICRC has already started talks to return Azeri saboteur's corpse, Azerbaijani State Committee says

Stepan Safaryan: OSCE Minsk Group prefers stroking naughty Azerbaijan

Edward Nalbandian advises his Azerbaijani counterpart not to use international arena for propaganda

Political expert: OSCE Minsk Group Co-Chairs want to lobby the meeting between Presidents of Armenia and Azerbaijan

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

OSCE Minsk Group Co-Chairs express their serious concern about the increase in tensions and violence in Karabakh conflict zone

Heritage Party considers Volodya Avetisyan to be a political prisoner

Rostelecom expands its sales and customer service network

Arthur Grigoryan appointed commercial manager of mobile communication division at Beeline Armenia

Edward Nalbandian: Armenia wants to start a dialogue on abolishment of visa regime with EU

Edward Nalbandian: Unlike Azerbaijan, Armenia has been consistently proving its adherence to the principles of international law

No third tailing dump in Tukhmanuk

Edward Nalbandian: Turkey, which is striving to the EU, has shut down the border to the neighboring state, whereas a principle of free movement at the EU territory is one of the basic norms

Ali Hasanov: If international organizations can not resolve the conflict, let them step aside and the two neighboring states solve the problem themselves

Vladimir Dorokhin: None of the Azerbaijanis detained at the territory of Armenia are Russian citizens

"Mika cement" to replace owner

Exclusive

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

Marine Karapetyan: Ameriabank on large business: problems and solutions

Eduard Sharmazanov: The opposition camp has no leader to steer the people

Alexander Zinker: Readiness of the Kremlin to protect its “Big Russian world” is dangerous for Russia itself

Vahe Davtyan: lternative power engineering should be developed regardless of fluctuations in electric power tariffs

Alexander Krylov: Taking into consideration the experience of the EU, Russia has to refuse maximal extension of the Eurasian Economic Union

Rasim Musabekov: Not only global but also the regional geo-political balance is changing

Zardusht Alizade: Apart, Armenia and Azerbaijan will always remain non-democratic fascist states

Thomas de Waal: What was possible between Sweden and Finland in the past century is impossible today between Armenia and Azerbaijan

Zhirayr Sefilyan: The format of our relations with Russia needs revision

Yana Amelina: The West or Russia, that is the question

Gia Nodia: Not the shortage of territories but finding a place in the world is the key problem of Russia

Vladimir Lepekhin: Russia has to pass from “soft force” regarding the USA to the “just force” concept

Carrefour hypermarket to be launched in Yerevan

  • Tuesday, September 11, 11:17

 A hypermarket of Carrefour SA (France), one of the largest international retail networks, will be launched in Yerevan.  

ArmInfo's correspondent has been told by a reliable source that the Carrefour hypermarket will occupy an area of up to 10,000 sq m in the new largest Dalma Garden Mall owned by Tashir Group. The total area of Dalma Garden Mall is almost 50 thsd sq m, the trade area is about 40 thsd sq m. The ground level parking area is accommodated for 742 parking stalls. The opening of the hypermarket is scheduled for November 2012.

The source says that the Carrefour hypermarket will work in Yerevan on the basis of franchising belonging to Majid Al Futtaim Holding (UAE), which is the regional franchise holder of the Carrefour network of supermarkets. Iyad Malas, CEO of Majid Al Futtaim Holding, told the Russkie Emiraty magazine that Majid Al Futtaim Holding is already working in 13 countries of the world, and has recently included several CIS countries in its portfolio, among them
Kazakhstan, Azerbaijan, Georgia and Armenia. The company is going to open its first Carrefour supermarket in Georgia in the near future. In January it opened a supermarket in Iraq. To recall, at present Majid Al Futtaim Holding has 45 supermarkets.

By the number of its stores (over 15,000), Carrefour holds the first position in Europe and the second position in the world. The network has four formats: hypermarkets, supermarkets, discount stores and corner stores. 

The range of the Carrefour hypermarkets includes up to 80,000 food and nonfood items. The total staff of the network numbers over 400,000 people. The investments in the opening of the hypermarket in Yerevan are not reported, but experts think that they may amount to 6-8 mln USD.

According to ArmInfo's data, Majid Al Futtaim Holding, the franchise holder of Carrefour, started studying the possibilities of entry to the Armenian market several years ago. The market experts think that the work of such a large foreign retail brand is impossible without clear and effective rules of customs and tax administration. In this regard, the experts think that the most important decision of the Government may be to revise the customs value of the commodities calculated on the basis of real invoices, not on the customs "menu" principles. Observers believe that the opening of Carrefour will have
a strong effect on the competitive environment in the sphere of Armenia's orderly retail marketing, which is currently divided among 3 large networks.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields