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.
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Burger King, Jollibee: foodservice focus, Nov 2016
- Have food promotions reached tipping point?
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- B&G acquires pasta sauce group Victoria Fine Foods
- Japan's Nagatanien buys Chaucer Food Group
- Tyson sets up US$150m investment fund