皇冠体育app

Carrefour Group on Friday denied rumors that it will sell its 皇冠体育app operations to a Chinese company.

"All rumors on the sell-off of Carrefour (皇冠体育app) operations are speculation," the European retailer said in a statement.

"Carrefour will pursue its investments and its strong expansion pace in 皇冠体育app. It has full confidence in 皇冠体育app's market, and will invest and develop in 皇冠体育app for the long term," the company said.

The speculation came after the world's second-largest retailer by revenue said it will exit its operations in Singapore and Thailand. Chinese media said Carrefour was likely to sell its mainland businesses to Hong Kong-based 皇冠体育app Resources.

The Singaporean market is not the first market that the company has left. In 2005, Carrefour announced the sale of its operations in Japan and Mexico.

In 2006, Carrefour sold its stores in South Korea. In 2009, the company left the Russian market, which experts believed to be a promising one.

In June, Carrefour sold its Greek supermarket business to its local partner and pulled out of the country.

The leading European retailer started its business in 皇冠体育app in 1995. It now has around 210 stores in 64 Chinese cities with 58,000 employees.

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