CEO of Carrefour says it plans to expand operations in Brazil and China

The Chief Executive and chairman of Carrefour, Georges Plassat, said the company is working to expand its operations in Brazil and in China, in an interview with the British newspaper Financial Times. "Our growth in these regions is probably insufficient. We are working on a strategy; These are great countries and there are many possibilities. I hope that this plan will be ready by the beginning of next year, "said Plassat. The Brazil and China are the second and the fifth Carrefour's largest markets, respectively. According to the Financial Times, last year group sales in Latin America grew by 14%, but decreased 10% in Asia.