French giant Carrefour decided to suspend the sale of its local subsidiary and announced an ambitious growth plan with new stores, jobs, and digital development
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In a context of reconfiguration of the global business and new economic perspectives in Argentina, supermarket group Carrefour decided to halt the process of selling its operation in the country. After evaluating the offers received in recent months, the company concluded that none of them reached the value that the board considers appropriate for the potential of the local business or guaranteed the working conditions of its workforce.
The decision came a few hours after the presentation of the 2030 global strategic plan in Paris, where the company outlined its strategy for the coming years. From that point on, the Argentine subsidiary confirmed that it will continue operating normally and will also promote an expansion plan for the 2026–2028 period.
Grupo Carrefour Argentina.
The announcement in the country was made by the general manager of Carrefour Argentina, David Collas, through a message published on his LinkedIn account. In that text, the executive confirmed the company's continuity and set out a strategy focused on growth, innovation, and job creation.
"At Carrefour Argentina, we are moving forward with a clear commitment: to strengthen our leadership and consolidate our position as the preferred supermarket for every Argentine," Collas wrote. According to his explanation, the subsidiary began the year with a historic market share, even in a context where domestic consumption still presents challenges.
Currently, Carrefour's operation in the country includes more than 700 stores in different formats, its own bank, and a workforce structure that exceeds 17,000 employees, one of the largest networks in the Argentine supermarket sector.
El presidente Javier Milei.
New investments, stores, and jobs
Within the plans confirmed for 2026, the company announced the opening of two new Maxi stores and 40 Express locations, a move that will create more than 400 new jobs.
The plan also includes:
Growth of six points in volume of operations.
Development of the company's Digital Account.
Strengthening of Carrefour Bank, expanding the financial ecosystem associated with the brand.
Relaunch of the mobile application, aimed at offering a simpler, more personalized, and more digital experience for customers.
The strategy aims to deepen the chain's presence in the country and consolidate its leadership in a competitive market that, according to the company's executives, is beginning to show signs of transformation.
Within the global framework of the French group, the Argentine subsidiary is placed in the category called "other countries", together with operations in Belgium and Poland. In those markets, the company keeps flexible management of assets while it monitors operating performance within the framework of its international strategy toward 2030.
The process of selling Carrefour Argentina had begun during the second half of 2025, as part of a strategic review in markets considered non-priority for the company.
Among the offers analyzed was a formal proposal from businessman Francisco de Narváez, who submitted an offer of USD 1 billion. His initiative included absorbing the more than 17,000 existing jobs and maintaining the continuity of the brand in the country.
The operation was coordinated by Deutsche Bank, which set a deadline for receiving offers of November 15, 2025. However, the deadline was extended until December due to the appearance of other interested parties, including chain Coto and U.S. fund Klaff Realty.
Despite the talks and the expectation of possible counteroffers, the global board ultimately chose not to move forward with any negotiation. The group's global CEO, Alexandre Bompard, explained the decision during a meeting with investors in Paris. There he confirmed that the strategic review process has already concluded.
"The review has already concluded. We have strategic countries, in which we are going to remain and develop the business, and three other countries outside that core. In the latter, the feeling we have today is that the offers received do not reflect the potential for value creation that we believe exists", the executive stated.
Bompard also indicated that management in those markets will remain dynamic. "The priority for the teams in these countries is really to improve the operation in order to leverage our value creation and improve that, and we will see what happens in the future", he maintained.
While the global scenario remains under evaluation, the Argentine subsidiary will continue under its current structure and with a focus on expanding operations, strengthening digital services, and consolidating its presence in the country. Collas's final message on LinkedIn was aimed precisely at conveying that idea of continuity and optimism: "Let's go for more Carrefour Argentina!", the executive concluded.
