Carrefour leaves Singapore, Suntec City & Plaza Sing stores to shutHypermarket Carrefour will be exiting Singapore after the global retailer announced on Tuesday that it will shut its two stores located at Suntec City and Plaza Singapura before the end of the year.
Its spokesman said in a statement that the decision was made because expansion and growth prospects of the company do not allow it reach a leadership position.
In Singapore, Carrefour's main competitors are supermarket chain NTUC FairPrice and the Dairy Farm Group of supermarkets.
The closure will affect more than 380 employees. The spokesman said that it intends to work with other retailers to find jobs for its staff.
========
i quite like the hyperstore.... for christmas and cny shopping...