FRANCE: Carrefour franchisee Guyenne et Gascogne sees sales worsen in Q4
Carrefour franchisee Guyenne et Gascogne has reported a slide in sales in the fourth quarter of 2011.
Guyenne et Gascogne
Editor’s choice: the highlights on just-food last week
Industry watchers have forecast further consolidation in the confectionery sector but there has been an absence of major deals in 2011 - until today, when Scandinavian candy makers Cloetta and Leaf International announced plans to merge. Elsewhere in Europe this week, Carrefour tabled a bid to buy French franchise partner Guyenne et Gascogne. Findus Group's French operations, meanwhile, grabbed the headlines with news that private-equity owner Lion Capital ended talks to sell the business to rival buy-out house Permira. And Diamond Foods' deal to buy snacks brand Pringles looks uncertain amid news that the SEC is to investigate crop payments made at the company.
Quote, unquote: just-food’s week in words
This week, Swedish confectionery companies Cloetta and Leaf International revealed plans to merge. Elsewhere, Carrefour announced plans to buy its French retail franchise partner Guyenne et Gascogne and on this side of the Channel, Premier Foods sold off another division, this time in Ireland to The Boyne Valley Group.
Talking shop: Carrefour’s Guyenne et Gascogne dilemma
Carrefour, the world's second-biggest retailer, is set to buy its French retail franchise partner Guyenne et Gascogne in a deal worth nearly half a billion euros. The move raised eyebrows across the retail sector, considering the supermarket giant's domestic woes. Sam Webb reports.
FRANCE: Carrefour to quit Eroski venture Altis
Carrefour is to sell its stake in Altis, its franchise retail venture with Spanish retailer Eroski.
UPDATE: FRANCE: Carrefour makes cash-and-share bid for Guyenne et Gascogne
Carrefour has tabled a cash-and-share bid for French franchise retail partner Guyenne et Gascogne. The world's second-largest retailer this afternoon (12 December) announced its offer for its French peer, confirming…
FRANCE: Guyenne et Gascogne shares suspended ahead of Carrefour announcement
Shares in supermarket franchise operator Guyenne et Gascogne were suspended today (12 December) ahead of an impending announcement on its talks with retail giant Carrefour. On Thursday (8 December) Carrefour…
Editor’s choice: the highlights on just-food last week
There would have been weary sighs in retail boardrooms this week after India's government suspended plans to open up its retail sector to more overseas investment. It was, Tesco CFO…
Quote, unquote: just-food’s week in words
India hit the industry headlines again this week after the country's government decided to suspend its plans to allow more foreign investment into the local retail sector. Meanwhile, here in…
FRANCE: Carrefour confirms Guyenne et Gascogne talks
Carrefour today (8 December) confirmed it is in talks with franchise partner Guyenne and Gascogne, negotiations that could see the French retail giant buy a stake in the business. Europe's…
FRANCE: Carrefour “mulls Guyenne et Gascogne acquisition”
France's Carrefour is reportedly considering buying its franchisee Guyenne et Gascogne. French daily Le Figaro cited an anonymous source who claimed Carrefour is holding a meeting of its board later…
