Carrefour is reported to be setting up a regional headquarters in the Chinese city of Wuhan within six months.

The company has three stores in Wuhan and a hypermarket is planned later this year.

Its China HQ is in Shanghai and it has regional headquarters in Beijing and Tianjin.

Elsewhere, Carrefour is expected to be close to pulling out of the Mexican market. The price for Carrefour Mexico is expected to reach about $400m.