U-Turn at Carrefour- De-Globalization And Foreigin Divestment

Abstract

The literature on Foreign Divestment until recently focused upon manufacturing MNCs. More recently, scholars of international retail divestment have expanded this literature through qualitative case studies of mass merchandisers. Carrefour is the pioneer of the hypermarket concept and international retailing. This paper details its globalization and employs foreign divestment theory to explain past cases of FD and predict more as Carrefour pioneers "deglobalization ".