Middle East Carrefour operator acquires 26 stores including Geant & Gulfmart
Dubai's Majid Al Futtaim, the Middle East operator of French retailer Carrefour, has acquired 26 Geant hypermarket stores in the United Arab Emirates, Bahrain and Kuwait from BMA International.
Majid Al Futtaim, a holding company which also owns and operates shopping centres in the Middle East and North Africa, said in a statement it was acquiring the Geant franchise owner Retail Arabia from BMA International.
The value of the deal, which also includes four Gulfmart supermarkets in Bahrain, was not disclosed.
