(Corrects ranking in first paragraph to world's second-largest
By Dominique Vidalon
PARIS, April 14 Carrefour, the world's
second-largest retailer, plans to revive its e-commerce
operations in Brazil this year after shutting the business down
in 2012 as part of a broader group restructuring.
Chief Executive Georges Plassat revealed the plan at the
annual shareholders meeting on Tuesday. He also told investors
that Carrefour wanted to boost its local profile in Brazil, its
second-largest market after France and an emerging country it
has earmarked for expansion.
Carrefour stunned the retail community in 2012 when the
group announced it was ending its e-commerce business to focus
on reviving its ailing hypermarkets in Brazil and in Europe.
French arch rival Casino, which controls Brazil's
largest retailer Grupo Pao de Acucar, runs the
country's number one online retail business Nova Pontocom.
Plassat gave no further details on his expansion plans in
Brazil apart from saying: "We are convinced that Brazil is a
country that Carrefour will be able to count on, possibly if it
strengthens its ties with local partners."
To finance its expansion in Brazil, Plassat has said he
will decide by the end of the year whether to sell a stake in
its business in Brazil to investors, or proceed with an initial
public offer of shares in 2015.
Shareholders approved all resolutions proposed at the
meeting, including raising the age limit for Carrefour's CEO to
70 from 65. Plassat, whose mandate expires in the Spring 2015,
(Reporting by Dominique Vidalon; Editing by Andrew Callus)