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.
- Why Mars rice plan not just crop-ticking exercise
- ConAgra Foods: what could happen next? - analysis
- Greencore's food-to-go focus paying dividends
- Interview: Ritter sees growth potential in US, EU
- How Danone aims to meet its 2020 objectives
- Pinnacle to buy Boulder Brands in $975m deal
- Aryzta regional CEO steps down
- Maple Leaf Foods to cut over 400 jobs
- Hovis plans cuts amid anxiety over UK bread demand
- "Serious" suitors lined up for Chicken of The Sea