All Carrefour articles – Page 10
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AnalysisA safe passage to India
India is one of retail’s most attractive developing markets, but it’s also one of the most difficult to enter. Liz Morrell reports on how the doors are beginning to open.
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AnalysisWalmart US recovers with ‘back to basics’ strategy
Walmart’s results showed that although the US business is finally getting back on track, it must not take its eye off the core domestic division.
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AnalysisProfile: Kevin O’Byrne
Kingfisher’s group finance director has made the leap to B&Q divisional chief executive and his experience should add drive to the DIY retailer. Nicola Harrison reports.
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News
Carrefour appoints three directors
Carrefour’s hypermarket business in France is to be reorganised with the appointment of three directors to manage it. Patrice Lespagnol, Philippe Lartigue and Frédéric Duranton will be responsible for the division, under the leadership of Noël Prioux, head of Carrefour France. Guillaume Vicaire, who has been executive director of French ...
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News
Carrefour opens first hypermarket in Iraq
French grocer Carrefour has entered Iraq with the opening of its first hypermarket at Erbil’s Family Mall. The 107,640 sq ft store is the first of several Carrefour hypermarkets to open in partnership with Erbil-based Darin Group, Majid Al Futtaim Retail’s partners in Iraq.The opening of Iraq’s first Carrefour ...
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News
Carrefour franchise partner to open new stores
Carrefour’s franchise partner Majid Al Futtaim plans to open 15 Carrefour hypermarkets and 30 supermarkets this year. Majid Al Futtaim chief executive Iyad Malas said: “We will complete the construction of two malls (Fujairah City Centre and Beirut City Centre) and expect to start construction in Cairo at our Mall ...
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AnalysisCarrefour ponders future as Olofsson is replaced
This week brought the end of an era at Carrefour as chief executive Lars Olofsson was replaced by Georges Plassat, the head of French fashion retail group Vivarte.
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News
Carrefour’s global brand director departs
Carrefour’s global brand director Laurent Blum has left the retailer. Before his appointment by chief executive Lars Olofsson at the end of 2009, Blum was vice-president of Nestlé Waters France, responsible for marketing and sales. Blum will reportedly not be replaced, and his duties will be reassigned between the internal ...
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AnalysisEtail has left the future of hypermarkets in doubt
The 1960s were a momentous decade for retail.
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News
Carrefour sells 97 supermarket properties
Carrefour has sold 97 supermarket properties to La Française AM, an investment fund majority-owned by Crédit Mutuel Nord for e365m (£305.5m).The properties were previously held by Carrefour’s real-estate branch, Carrefour Property. Carrefour will continue to operate the stores through 12-year leases under its Carrefour Market banner.
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News
Carrefour may sell stake in Altis to fund new venture
Grocery retailer Carrefour could sell its 50% stake in franchisee Altis to fund part of the takeover of its main franchisee Guyenne & Gascogne.Altis is a joint venture between Carrefour and Spanish grocer Eroski. The latter would reportedly buy Carrefour’s stake and sell it to a French retailer that has ...
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NewsIndian foreign investment proposals put on hold
Plans to allow foreign investment from global retailers including Tesco, Carrefour and Walmart in India are on ice as the government looks to find a “consensus”.
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News
Carrefour denies reports to replace chief executive
Carrefour denied reports that key shareholders plan to replace chief executive Lars Olofsson. It said in a statement: “The board of directors of the company formally denies all information published in the press on that subject.” It released the statement after Le Figaro reported that the shareholders were lining up ...
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NewsIndian cabinet approves foreign investment in retail
The Indian government has cleared the way to allow multinational retailers including Tesco, Carrefour and Walmart to enter its retail market.
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News
Carrefour’s ELC speaks out against activist investor
Carrefour’s European Labour Committee (ELC) has spoken out against activist investor Knight Vinke’s proposal to elect a new chairman for the company.It claimed that the plan was aimed at dismantling the group. The ELC said that it wants “stability” and affirmed its support for the Carrefour Planet format, which it ...
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AnalysisCarrefour sounds profit warning as sales slide
Last week, the world’s second largest retailer, France-based Carrefour issued its fourth profit warning saying it expected 2011 operating profit to fall by up to 20%, compared with 15% stated previously for its third profit warning in August.
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News
Carrefour director Alain Fretellière to leave the group
Carrefour director of private label Reflets de France Alain Fretellière will leave the group at the end of the month. Fretellière, who also leads relationships with small and medium-sized enterprises, was a driving force behind the creation of Reflets de France, a range of French gastronomic products, which has enjoyed ...
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News
Carrefour hypermarkets not matching performance of pilot stores
Carrefour said its new Carrefour Planet hypermarkets weren’t matching the performance of the format’s pilot stores. Compared with the pilots sales at newer Carrefour Planet stores have not been increasing as strongly.However, group chief commercial officer José Carlos Gonzalez-Hurtado has said the results were still ahead of the September 2010 ...
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AnalysisCarrefour unveils plans for Parisian superstore
French international grocery retailer Carrefour has announced plans to open a one-off premium superstore in Paris within a year.