Carrefour news

28 June 2019
Carrefour, Système U and Veolia, a waste management company, have announced they are to collaborate on research and innovation to reduce single-use plastics in packaging. Companies to partner with (RE)SET The three companies have said they will work with (RE)SET, which describes itself as a company specializing in circular economy innovation. to identify and develop new solutions. The colla...
25 June 2019
As Carrefour’s chief executive, Alexandre Bompard, says the retailer is not planning to exit any further countries, and its country operations in Belgium and Poland expand their offer, we round up news for the retailer. Bompard: no plans for more market exits… Bompard, in an interview with BFM Business TV, has said the retailer has no plans to exit more countries, following the sale of an...
24 June 2019
Majid Al Futtaim has outlined plans to invest PKR40bn (US$256.1m) in Pakistan. Expansion into new cities Since 2009, Majid Al Futtaim has invested PKR8bn (US$51.2m) in Pakistan. It now operates seven Carrefour hypermarkets and one Carrefour Market supermarket in four metropolitan cities. The retailer will mainly focus its expansion in tier two cities. It hopes to reach a network of 50 ...
24 June 2019
France-based Carrefour has signed an agreement to sell an 80% stake in its China-based operations to Suning.com. The deal will see Suning pay Carrefour €620.0m in cash, valuing Carrefour China at an enterprise value of €1.4bn. Carrefour may exit China completely The transaction is expected to close by the end of 2019, subject to regulatory approval. Carrefour will retain a 20% stake in the ...
19 June 2019
Following Carrefour’s AGM, which saw its chief executive, Alexandre Bompard, discuss opportunities for the retailer to play a role in future retail consolidation, it has opened new formats as it looks to drive innovation in the market. ‘Carrefour to benefit from retail consolidation’ As part of the retailer’s AGM, Bompard said that he expects ‘ there will be consolidation in the retail sect...
07 June 2019
Carrefour China has been doing whatever it takes to revitalise its business to stay ahead amid fierce competition from both local bricks and mortar players and the ecommerce giants. The retailer has reported significant improvement (over €100m) in its recurring operating income in its Asia business in the last two years, mainly driven by Carrefour China. What has worked for Carrefour China? ...
05 June 2019
Reuters has reported comments from Carrefour’s blockchain program manager, Emmanuel Delerm, in which he highlights the benefits of blockchain on the sale of products tracked by the technology. Products tracked by blockchain sell faster According to the reports, Delerm said the sales of products tracked by blockchain, a list of 20 products that includes meat, milk and fruit, were boosted by ...
24 May 2019
As Despar Centro Sud launches an online grocery service and Carrefour expands its partnership with Supermercato24, we round up news from the country. Carrefour expands collaboration with Supermercato24 Carrefour and Supermercato24 have announced they are expanding the coverage of their partnership beyond the 14 cities where the service is operated into the regions of Toscana and Campania. T...
08 May 2019
Carrefour has made two changes to its global management team. New appointments for Spain and Argentina Carrefour said it had made two new appointments: Rami Baitieh has been appointed executive director of Carrefour Spain. He has also joined the Group’s executive committee and will report to chief executive Alexandre Bompard. Baitieh takes over from Eric Uzan. Stéphane Maquaire , m...
01 May 2019
Carrefour Brazil’s gross sales for Q1 2019 rose by 9.9% to BRL14.2bn (US$3.6bn), despite an unfavourable Easter calendar effect. Like-for-like (LFL) sales were up 6.6%, the best LFL performance since Q1 2017. Sales were boosted by the solid performance of Carrefour's Atacadão cash and carry format, as well as four new openings in the banner. The higher annual food (6.5% in Q1 2019 vs. 4.1% Q...