There is no immediate plan to shut down Carrefour in the UAE, Majid Al Futtaim's CEO of Retail, Dr. Günther Helm, confirmed days after they shuttered operations in Kuwait and Bahrain.
During an exclusive interview with Dubai Eye's Business Breakfast show on Thursday, Helm said: "In the UAE, there are no plans to do so".
He explained that the decision in Kuwait and Bahrain followed the customers' feedback. "We are always evaluating the customers needs and customer behaviour, and in the markets mentioned we have decided to move away [from Carrefour]."
Helm elaborated that "it's not a financial decision, it's really about listening to the needs of the customer and to what is the right format that we are offering".
Majid Al Futtaim closed operations in Jordan in 2024 and Oman in early January and replaced it with their own retail brand HyperMax.
World Bank approves $700 million for Pakistan's economic stability
China's ByteDance signs deal to form joint venture to operate TikTok US app
India reviewing allegations of antitrust breaches by IndiGo
DXB and DWC boost winter schedules with new routes
Amazon in talks to invest in OpenAI
