Carrefour announces a franchise and supply Partnership with Queens Supermarket PLC, a subsidiary of Midroc Investment Group, for the roll-out of Carrefour banners, expertise and products in Ethiopia. 

Under this agreement, will support Midroc teams in the 

transformation of the entire stores network under Carrefour banners, and in the implementation of an ambitious expansion plan. The first stores will be rebranded by first half of 2026. 

This new agreement illustrates the strength and dynamism of the franchise model championed by the Carrefour Group, and marks the achievement of our objective to expand in 10 new countries 

under franchise as part of our Carrefour 2026 strategic plan. 

“We are delighted to initiate this collaboration with a leading retail player in Ethiopia. Beyond the rapid transformation of the 13 existing stores, the Midroc and Carrefour International Partnership teams are already working hand-in-hand on the future growth of our activities in the country: by 2028, we project the opening of 17 additional stores. This launch in Ethiopia is another milestone in 

the execution of our international franchise expansion strategy, which already saw us pass the 3,000 franchised store mark in October 2025.”, declares Patrick Lasfargues, CEO of Carrefour International Partnership. 

“I am very proud to announce, along with the entire Midroc team, our integration into Carrefour’s international franchise network. By leveraging our deep knowledge of the local Ethiopian market, the dedication of the Midroc teams, and Carrefour’s excellence, we will be able to offer Ethiopian consumers high-quality, affordable products and an experience that perfectly meets their expectations.”, declares Jemal Ahmed, CEO of Midroc Investment Group.