Europe’s largest retailer, Carrefour, announced plans to invest in Brazil according to Bloomberg.
While the dollar figure of the Carrefour Brazil investment was not disclosed, the firm did state it would open as many as four more new stores in the Brazilian market.
Carrefour sees the Brazil investment as a path to making Brazil as the second biggest market for the Paris headquartered firm despite the global economic slowdown continues to plague developed and emerging economies.
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