French retailer Hyparlo, a separately listed franchise partner of French retail giant Carrefour, has posted first quarter sales of €243.2m (US$262.3m), down 6% compared to the year-ago period.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Hyparlo attributed the fall in sales to a decision to sell off its Italian unit at the beginning of this year. The unit recorded revenue of €23.7m in the first three months of 2002.

Excluding sales at its Italian unit, Hyparlo’s revenue in the first quarter grew 3.6%, boosted by sales growth at its French shops and its outlet in Romania, reported Dow Jones International News.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now