Headquartered in Bolougne Billancourt, Greater Paris in France, Carrefour is a highly reputed name among the mega retailers and hypermarket chains.
The word Carrefour means “crossroads” in French. The first store was set up in 1958 in Annecy, France. The business group came into existence in 1959 under the guidance of Fournier, Badin and Defforey families. It ranks fourth in revenues after Walmart, Tesco and Costco. Presently it employs 381,000 people and has 10,800 stores across 34 nations. It operates in 5 formats: hypermarkets, supermarkets, convenience stores, cash-and-carry stores, and in e-commerce. The products offered include fresh produce, local products, consumer goods and non-food products. The group also offers convenience services like package-pickup, vehicle hire, fuel oil delivery and ticketing services among others. The stores, in various formats, are present in Europe, Asia, Latin America and Middle East among others. France has around 5000 Carrefour stores. Carrefour had also opened cash-and-carry stores in India in 2010, but later they shut business and left in middle of 2014.