Retail
Market Penetration

THERE were no signs of fatigue on the faces of Jean Noel Bironneau and Irawan D. Kadarman, on Monday last week. This despite the fact that the President Director and Corporate Affairs Director respectively of Carrefour Indonesia had only just signed an agreement on the acquisition of Alfa Retailindo at dawn, preceded by dinner. Carrefour purchased Alfa from Sigmantara Alfindo and Prime Horizon Pte Ltd.

Still on the same day, at noon, the transa

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