Majid Al Futtaim acquires Retail Arabia

Majid Al Futtaim acquired 26 Geant stories from Retail Arabia’s parent company BMA International, in addition to four Gulfmart supermarkets in Bahrain, The National reports. The stores will be rebranded to Carrefour, bringing the number of Carrefour supermarkets to 80 in the UAE, 11 in Bahrain, and eight in Kuwait. The value of the acquisition was not disclosed.