PARIS — Setting its sights on effervescent economies in west and central Africa, Carrefour SA is partnering with trading company CFAO to develop various store formats in eight countries on the continent.
The world’s second-largest retailer behind Wal-Mart Stores Inc. said Wednesday it has signed a memorandum of understanding to form a joint venture that will be owned 55 percent by CFAO and 45 percent by Carrefour.
The entity will hold exclusive distribution rights in Cameroon, Congo, Ivory Coast, the Democratic Republic of Congo, Gabon, Ghana, Nigeria and Senegal.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)