Companies

Carrefour opens second store at Two Rivers Mall

rivers

Two Rivers Mall in Nairobi on February 13, 2017. PHOTO | MARTIN MUKANGU

French retail chain Carrefour is Wednesday expected to open its second store in the country at the Two Rivers Mall.

The brand poses new competition, especially to market leader Nakumatt, which targets similar clientele to the French giant.

The world’s second-largest supermarket chain after Wal-Mart Stores opened the first outlet in May last year at The Hub, Karen. Carrefour’s two retail stores in Kenya are operated by Dubai-based Majid Al Futtaim Retail, the exclusive franchise holders for Carrefour in the region.

Kenya’s formal retail market is dominated by privately-held and family-owned businesses such as Nakumatt, Tuskys and Naivas with only one listed supermarket chain, Uchumi.

“We will remain committed to offering the best price and best merchandise in a pleasant shopping environment as we have at our Carrefour store at The Hub Mall, because we are in the business of creating great moments for everyone every day,” said  Franck Moreau, country manager, at Majid Al Futtaim Retail Kenya.

“Carrefour is here to be Kenya’s daily shopping partner and strives to make a world class difference to the retail experience and to enrich the lives of all consumers in Kenya.”