It will not be until May 2018 that Carrefour CEO Georges Plassat resigns, but as he had previously indicated his desire to guide his successor for a year, the distributor’s two largest shareholders are already playing their hand.
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After a decade with the French chain, investment firm Colony Capital has sold all of its shares in Carrefour. Until recently, it owned about 5 % of the company's shares.
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In the past fiscal year, French supermarket chain Carrefour's like-for-like turnover grew for the fifth straight year, this time + 2.7 %. Including exchange rate fluctuations, there was a 0.7 % drop, mainly because of China and Latin America.
Every year, Deloitte creates a ranking of the 250 largest retailers worldwide and for the first time ever, Amazon enters the top 10. Consumers are looking for surprising experiences and products, the consultant claims.
Supermarket company Carrefour is actively looking for a CEO and chairman of the board, to succeed Georges Plassat. His second term will end in May 2018 and it does not seem he will get a third term.
French retail group Carrefour has published decent results for its third quarter, with an improved performance in France which soothed the analysts. Belgian results have remained stable.
Carrefour published its financial results for the first 6 months of its fiscal year this morning and they were better than expected. Despite unfavourable circumstances, the group is on track to reach its full-year forecast.
French supermarket chain Carrefour is set to launch its own 1-hour delivery service in several Parisian supermarkets, a counter for Amazon Prime Now's launch in the French capital.
“Discriminatory” and "xenophobic": that is how major international distributors describe the new tax approved by the conservative Polish government earlier this week. Starting 1 August, all major supermarket chains will have to pay this new tax.
Sushi specialist Sushi Daily will open another kiosk on 27 May, in Koksijde's Carrefour Hypermarket. Only on 17 May, the European market leader Sushi Daily opened its 500th kiosk in Turin, Italy.
Carrefour and French bank BNP Paribas have developed a free payment app together, called Wa!. Customers can use the app to do mobile payments, keep track of their loyalty cards and take advantage of coupons.
Carrefour France has shuffled its board extensively, which also means Carrefour Hypermarkets' director Eric Bourgeois will leave the company.
The Moulin family, which owns the French luxury department store chain Galeries Lafayette, is now officially also Carrefour's most powerful shareholder. Another change at the top is the inclusion of former Casino partner Abilio Diniz.
French supermarket group Carrefour had a decent first quarter, but its results differ tremendously per region. The Belgian division outperformed the group's overall performance.
Budget private labels are not the right strategy to fight off hard discounters, according to the International Private Label Consult (IPLC). Their inferior quality damages a supermarket's brand image and its margins are dwindling.
The very first Carrefour Bio opened its doors three years ago in Paris, paving the way for another 4 Bio stores. By the end of the year, the French supermarket chain aims to have 10 Bio stores, with a larger product range in - on average - larger stores.