Carrefour China to Open Its First Eatery in Shanghai, With 99 More Planned for 2020
Yue Yan
DATE:  Jun 15 2020
/ SOURCE:  Yicai
Carrefour China to Open Its First Eatery in Shanghai, With 99 More Planned for 2020 Carrefour China to Open Its First Eatery in Shanghai, With 99 More Planned for 2020

(Yicai Global) June 15 -- Hypermarket chain Carrefour China Holdings will open its first in-house catering outlet tomorrow, as new owner retailing giant Suning launches the Mr. Fu restaurant chain in Shanghai, with plans to open 99 more nationwide this year.

A second restaurant in Chongqing, southwestern Sichuan province will open soon, Li Yijiang, director of the Suning Carrefour catering project, told Yicai Global.

The Mr. Fu chain will be run in-house, and will not be outsourced to a third-party company, to ensure good quality management and operations, said Li. "With over 2,000 products in a self-run goods pool, Mr. Fu will introduce at least 30 new products each month," he added.

The 'hypermarket + catering’ business model has become increasingly popular in China in recent years, as exemplified by the Tencent Holdings-backed Super Species stores. They have been shown to improve the gross margin of brick-and-mortar retailers by drawing in more customers.

Editors: Tang Shihua, Kim Taylor

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Keywords:   New Business Model,In Store Restaurant,Retailer,Carrefour,Suning