Sunday, September 4, 2011

Carrefour Indonesia plans to transform Alfa Retailindo

Carrefour Indonesia, the nation’s largest retailer, is planning to transform up to four Alfa Retailindo outlets into upscale supermarkets next year to cater to the premium market in the capital. The company planning to develop a premium concept, and currently still looking for suitable locations.


Carrefour is planning to open the premium outlets early next year and wants to turn between two and four Alfa outlets into premium outlets each year. Carrefour had already turned several Alfa outlets into Carrefour Markets — a hypermarket concept with a focus on fresh products, food and beverages — and Carrefour Express, a supermarket sized at less than 3,500 square meters.


The company was for now only planning to develop the premium outlets in Jakarta, because of demand for premium products in the capital. So, there will be more fresh products, such as organic variants.


Alfa Retailindo reported a profit of IDR9.9 billion in the first half, compared with a loss of IDR2.2 billion a year earlier. Established in 1989, the company listed on the Indonesia Stock Exchange (IDX) in January 2000. In 2008, Carrefour Indonesia bought a 79.9 percent stake in Alfa Retailindo, making it the company’s majority stakeholder. Last year, Carrefour Indonesia bought the remaining shares owned by Sigmantara Alfindo, lifting its ownership to 99.54 percent.

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