French grocery store group Carrefour has introduced plans to enter the Ethiopian market via a franchise and provide partnership.
The group will associate with Queens Grocery store, a subsidiary of Midroc Funding Group.
The transfer varieties a part of Carrefour’s 2026 strategic plan, below which the retailer is in search of to increase into ten new international locations via franchising.
Underneath the settlement, the corporate will present its banners, operational experience and product providing.
Carrefour’s worldwide partnerships CEO Patrick Lasfargues mentioned: “We’re delighted to provoke this collaboration with a number one retail participant in Ethiopia. Past the fast transformation of the 13 current shops, the Midroc and Carrefour worldwide partnership groups are already working hand-in-hand on the longer term development of our actions within the nation: by 2028, we venture the opening of 17 extra shops.
“This launch in Ethiopia is one other milestone within the execution of our worldwide franchise growth technique, which already noticed us go the three,000 franchised retailer mark in October 2025.”
As a part of the association, Carrefour plans to assist the transformation of Queens Grocery store’s current retailer community, which shall be rebranded below the Carrefour title.
The settlement additionally contains the rollout of an growth plan for the community, with the primary rebranded shops anticipated to open within the first half of 2026.
Midroc Funding Group CEO Jemal Ahmed commented: “I’m very proud to announce, together with your entire Midroc workforce, our integration into Carrefour’s worldwide franchise community.
“By leveraging our deep data of the native Ethiopian market, the dedication of the Midroc groups, and Carrefour’s excellence, we can provide Ethiopian shoppers high-quality, reasonably priced merchandise and an expertise that completely meets their expectations.”
In November 2025, Carrefour confirmed that the Saadé household had turn out to be a key shareholder after buying a 4% stake within the firm’s share capital.
Final September, Carrefour formally ceased operations in Kuwait, finishing its strategic withdrawal from 4 Center Japanese markets over ten months.
“Carrefour to enter Ethiopia through franchise and provide settlement” was initially created and printed by Retail Perception Community, a GlobalData owned model.
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