FRANCE: Galeries Lafayette posts 30.3% rise in 2002 net profit, helped by Monoprix
French retailer Galeries Lafayette has reported 2002 net profit of €83.9m (US$89.1m), a 30.3% increase on the previous year, helped by a strong performance by food retail chain Monoprix. Operating profit was up 19.9% to €275.7m on sales up 4.6% to €5.47bn. Monoprix, which is co-owned by Galeries Lafayette and French retail giant Casino, recorded a 34% rise in operating profit for 2002. Last month, the two owners announced a deal that would enable Casino to take charge of Monoprix by 2006, reported Reuters.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- It won't just be Unilever to push for Brexit hikes
- Price an underlying tension across European FMCG
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on Brexit's policy impact
- Interview: UK trade body on the impact of Brexit
- Nestle lowers outlook on "softer environment"
- China "transition" drags on Danone Q3
- PepsiCo sets 2025 nutrition, sustainability goals
- UK announces "action plan" to drive food exports
- CP Foods invests in UK foodservice firm Foodfellas
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review