Two Grocery Chains Swap Stores

Carrefour, Tesco to Swap Central Europe, Taiwan Shops

Carrefour and Tesco, the world’s second and third largest food retailers by market value, will swap stores. Carrefour will be selling fifteen stores in the Czech Republic and Slovenia to Tesco. Tesco will be selling six stores in Taiwan to Carrefour. This type of swap is the first to be done in this industry. The companies said that they are doing this so they can focus more on becoming dominant in areas where they are doing well. The number one food retailer in the world, if you couldn’t guess, is Wal-Mart Stores Inc.