Plassat reveals Carrefour's plans - but some want more
The new Carrefour CEO outlined plans to revitalise the retail giant but some analysts were frustrated at his reticence in providing financial targets.
Robust, single-minded and colourful were three words that sprung to mind as Carrefour CEO Georges Plassat discussed his plans for the French retail giant yesterday (30 August). However, some were frustrated at the lack of detail, arguing it will be difficult to judge whether Plassat's strategy will succeed in turning around the world's second-largest retailer.
Carrefour CEO Georges Plassat outlined plans for a wide-ranging review of the products in its stores as part of its programme to revitalise the world's second-largest retailer.
Carrefour reported a fall in half-year profits but shares in the French retail giant rose as analysts had expected a steeper decline.
French retail giant Carrefour has said it will shut its two stores in Singapore by the end of the year.
- Challenges for General Mills with The Good Table
- What US companies might Nomad Foods buy?
- Greek crisis - The impact on shopper behaviour
- Competition intensifies among UK burger chains
- Why investors are concerned about water risk
- Mitsubishi buys stake in Olam International
- Unilever claims victory in Becel dispute
- B&G to acquire Green Giant from General Mills
- Cheese maker Entremont moves into frozen food
- Mondelez opens line at Poland chocolate plant