Carrefour's franchisee takeover amid domestic woes
Carrefour's problems in its domestic market show no signs of abating, yet it has announced plans to acquire franchise retail partner Guyenne et Gascogne. Some industry watchers are bemused at the move, others applaud it, believing felt Carrefour had no choice amid shareholder pressure and the need to consolidate in France.
Talking shop: Carrefour's Guyenne et Gascogne dilemma
13 December 2011
Carrefour, the world's second-biggest retailer, is set to buy its French retail franchise partner Guyenne et Gascogne in a deal worth nearly half a billion euros. The move raised eyebrows across the retail sector, considering the supermarket giant's domestic woes. Sam Webb reports.
FRANCE: Intermarche eyes acquisition of Carrefour, Eroski JV
13 December 2011
French retailer Intermarché is looking to take over Altis, the local retail venture that Carrefour is set to leave.
FRANCE: Carrefour to quit Eroski venture Altis
12 December 2011
Carrefour is to sell its stake in Altis, its franchise retail venture with Spanish retailer Eroski.
UPDATE: FRANCE: Carrefour makes cash-and-share bid for Guyenne et Gascogne
12 December 2011
Carrefour has tabled a cash-and-share bid for French franchise retail partner Guyenne et Gascogne.
FRANCE: Guyenne et Gascogne shares suspended ahead of Carrefour announcement
12 December 2011
Shares in supermarket franchise operator Guyenne et Gascogne were suspended today (12 December) ahead of an impending announcement on its talks with retail giant Carrefour.
FRANCE: Carrefour refutes Olofsson replacement talk
25 November 2011
Carrefour has denied that CEO Lars Olofsson is set to be replaced by Georges Plassat, the former head of the French retail giant's operations in Spain.
FRANCE: Carrefour issues "prudent" profit warning
13 October 2011
Shares in Carrefour fell today (13 October) after the French retailer issued another warning on its profits for 2011.
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