Hypermarkets and Super Centers
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*Sabanci becomes majority shareholder with 50.8 pct stake* Move ends suspense over Carrefour's plans in Turkey. PARIS, April 30- Carrefour, Europe's largest retailer, said on Tuesday it was staying in Turkey but selling a 12 percent stake in local venture CarrefourSA.
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*Southern Europe weak, Brazil strong, China improving. PARIS, April 18- Carrefour, Europe's biggest retailer, sees little sign of economic improvement in the austerity-stricken continent after falling demand in Spain and Italy and weakening trade in its core French market held back first-quarter sales.
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*Apple, Volkswagen criticised by top TV show. SHANGHAI, March 15- Technology giant Apple Inc and car maker Volkswagen AG were singled out by state-run China Central Television in its annual corporate malpractice expose. Apple officials in China and Apple's headquarters in Cupertino, California, were not immediately available for comment.
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*Apple, Volkswagen criticised by top TV show. SHANGHAI, March 15- Technology giant Apple Inc and car maker Volkswagen AG were singled out by state-run China Central Television in its annual corporate malpractice expose. Apple officials in China and Apple's headquarters in Cupertino, California, were not immediately available for comment.
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SHANGHAI, March 14- McDonald's Corp will give away more than a million breakfast McMuffins across China on Monday, a few days after Chinese state television airs its annual expose on corporate malpractice to mark World Consumer Rights Day.
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*More autonomy for store managers. PARIS, March 12- A cultural shift is underway at Europe's largest retailer, Carrefour, as bosses at its French stores get more freedom after years of control from headquarters near Paris.
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TAIPEI, Jan 28- Sun Art Retail Group Ltd overtook rivals such as Wal-Mart Stores Inc to become the No.1 hypermarket operator in China by supporting the local economy and counting on consumer loyalty to Chinese brands, said a major shareholder.
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MOSCOW, Jan 22- Fast-growing low-cost Russian retailer Magnit nearly doubled net profits last year, it reported on Tuesday, fuelled by a further big expansion in its chains of convenience and cosmetics stores and hypermarkets, which boosted margins.
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*France improves, Southern Europe still difficult. PARIS, Jan 17- Price cuts and revamped product ranges helped Carrefour deliver an improved fourth-quarter performance in its core French market, reassuring investors about new boss Georges Plassat's ability to revive Europe's largest retailer.
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*Seven stores in China seem likely to be closed. FRANKFURT, Jan 16- German retailer Metro is to scrap its consumer electronics venture in China, once trumpeted as an engine of future growth, after meeting unexpectedly strong competition.
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Wal-Mart entered India's supermarket sector in 2010 with a $100 million bet on a consultancy with no employees, no profits, and a scant $14,000 in revenue.
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MUMBAI, Dec 5- Wal-Mart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue.