5 October 2000

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Jumbo becomes Carrefour as French giant enters Switzerland

French multinational Carrefour will enter the Swiss market. It will buy a 40 per cent share in Maus Freres, the owner of 10 hypermarkets and 35 DIY centres. Carrefour has the option to increase its ownership up to 50 per cent. The Jumbo hypermarkets will start to operate under the Carrefour banner.