date:Dec 17, 2013
Carrefour is teaming up with investors to buy 127 shopping malls in which it runs stores, in a $2.8 billion deal that marks the French retailer's latest attempt to revive its struggling European hypermarkets.
The world's second-biggest retailer behind U.S. group Wal-Mart has been battling for years to turn around its core hypermarket business as time-pressed customers increasingly shop locally and online, and buy non-food goods from specialists.
Chief Executive Georges Plassat has had some suc