US Edition“Many Headaches”: the Reasons Behind the Departure of Multinationals From Argentina in Recent Years
4 Articles
4 Articles
In the last five years, the Argentine business map changed rapidly: at least 70 multinational companies decided to leave the country, selling their assets or transferring operations to local or regional players, according to a survey by the consultant PwC. Behind this phenomenon is not a single cause, but a set of structural and conjunctural factors that, combined, push the parent companies to review their presence in a market that represents a …
According to the Argentine Chamber of Wholesale Distributors and Self-Services (Cadam) the complexities of the local economy with "constant changes of rules, lack of predictability and hidden costs", are key when analyzing the wholesale and mass consumption sector, in just 6 months. Entrepreneurs, alert following the possible departure of the country that launched the Carrefour chain and the sale of the Dutch wholesaler to the Chilean holding Ce…
Carrefour, one of the most important supermarket and hypermarket chains in the world, decided to sell its operation in Argentina, after more than four decades of presence in the country. The French company, which has more than 680 branches distributed in 22 provinces, including supermarkets, hypermarkets and local Express, currently employs more than 17,000 workers and generates annual sales that are around 6 billion dollars. This decision is pa…
The French multinational Carrefour, one of the giants of the retail trade worldwide, announced that it will sell its operations in Argentina and leave the country after more than four decades of presence and more than 600 premises in operation. With 17,000 employees and a record dating back to the late 1970s, the decision marks a key moment in the debate on the viability of foreign investment in Argentine territory. WHY IS CARREFOUR? Economist A…
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