Blog: Women wearing beards protest at Carrefour AGM
Dean Best | 21 June 2011
There is likely to have been a sense of relief among Carrefour's senior executives this afternoon (21 June) after shareholders in the retailer backed its plan to spin off discount arm Dia. However, there were one or two surprises at the company's AGM in Paris today.
Some analysts had expected the proposal to spin off Dia to be approved, although the plan had proven so controversial, with some in the financial community questioning its merits and unions in opposition, that the result of a vote on the move was keenly watched.
In the end, 77% of shareholders voted in favour. That said, the AGM still saw union protests at the spin off and at other parts of Carrefour's "transformation" strategy, a spokesman for the retailer said.
And those protests were not the only ones. Inside the meeting, as Carrefour CEO Lars Olofsson was about to speak, women's rights protestors wearing false beards took to the stage to criticise the lack of female representation on the company's board.
"Lars was pretty cool about it," a spokesman said, who pointed out that Olofsson then invited the activists to speak. "They made a speech and then they left," the spokesman said.
He added that other French companies perceived to have too few women in senior positions had also faced similar protests. "It's the French way," he said.
Ask any FMCG executive to list the trends shaking up the sector and digital and e-commerce will be pretty high on the list. Drill down into that and Amazon will be one of the subjects in the digital s...
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....
- 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