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Carrefour exited Kuwait and other Gulf nations, replaced by Majid Al Futtaim’s new HyperMax brand.
Carrefour has closed all its stores in Kuwait, following similar exits in Bahrain, Oman, and Jordan, marking a retreat from several Gulf markets.
The closures, managed by Dubai-based Majid Al Futtaim, coincide with the launch of HyperMax, a new grocery brand owned by the same company, which is taking over former Carrefour locations.
While the exact reasons for the closures remain undisclosed, factors like challenging market conditions and a strategic shift toward a homegrown brand are believed to be influential.
HyperMax has already opened outlets in Bahrain and is partnering with local suppliers.
The move signals a broader change in retail strategy in the region, with Majid Al Futtaim prioritizing its own brand over the Carrefour franchise.
Carrefour salió de Kuwait y otras naciones del Golfo, y fue reemplazado por la nueva marca HyperMax de Majid Al Futtaim.