The weather at MAPIC 2016 – the international retail property trade show in Cannes – may have been a metaphor for global retail.
Uncertainty in Europe means UK retailers could look further afield for expansion. Could Iran be the next Middle East retail hotspot?
Four months after opening its first store in Pakistan, Carrefour has entered the Iranian market via its Middle Eastern franchise partner, Majid Al Futtaim (MAF). The first hypermarket opened in Tehran. As in Pakistan, the store trades under the Hyperstar banner, rather than Carrefour.The store,