SINGAPORE - Carrefour has said that it is not closing any of its stores in Singapore and Malaysia.
In a statement, the company said it is "business as usual" for every store in the two countries.
It also noted that it had opened four hypermarkets in Malaysia this year and plans another four by year end.
Earlier this week, there was speculation that the French supermarket giant was in the early stages of selling its outlets in Singapore, Thailand and Malaysia.
Reports had said that Carrefour could be offloading its South-east Asian assets for up to US$1 billion ($1.39 billion).
In May, Carrefour CEO Lars Olofsson said he was open to offers for the company's operations in markets where it was not in the top two spots. MORE
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