Carrefour leaves Turkey: 89% of CarrefourSA sold to Aydin Group

In detail, the Turkish subsidiary CarrefourSA is being acquired by the Aydin group, owner of the discount chain A101, already strongly rooted in the country. The agreement covers 89% of the capital: of this share, 32% was held directly by Carrefour while the remaining 57% was held by the local partner Sabanci, with which the French retailer had developed its presence in the country over the years.

The sale effectively marks Carrefour’s exit from a complex market, characterised by strong macroeconomic volatility, inflationary pressure and particularly aggressive competitive dynamics, especially in the discount segment. It is precisely these factors that have contributed to progressively reducing the attractiveness of Turkey within the group’s strategic priorities…

(which seems to want to focus mainly on France, Spain and Brazil).

Below: a Carrefour Turkey private label product