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Carrefour under fire for Brazil plans

Indiaretailing Bureau -
Tensions over Carrefour’s contentious plan to merge its Brazilian assets with those co-owned by a French rival have intensified after a shareholder lobby group raised concerns with Paris regulators about the deal.Deminor, a group which acts on behalf of...
Retail

Carrefour board backs Brazil merger plan

Indiaretailing Bureau -
France's Carrefour backed a plan to merge its Brazilian operations with Brazil's top retailer, Grupo Pao de Acucar, to create a company with annual sales of more than 30 billion euros ($43.6 billion).Full-year synergies have been estimated at between...
Retail

Carrefour plays catch-up with non-food website deal

Indiaretailing Bureau -
Carrefour , the world's second-biggest retailer, has signed online specialist Pixmania to help it catch up with rivals in the fast-growing market for selling non-food goods over the internet. The two firms said on Thursday that Pixmania, part of...
Retail

Carrefour’s second store to come up in Jaipur

Indiaretailing Bureau -
After Delhi, French retailer Carrefour India is likely to set up its second cash and carry store at Jaipur. Expanding its retail canvas, the company is also scaling up its IT platform to enable its customers shop online.According to...
Retail

Carrefour to rebrand smaller stores

Indiaretailing Bureau -
Carrefour may be known among local shoppers for aisles upon aisles of groceries in big-box stores, but these days the hypermarket is shifting focus to its smaller shops.The world's second-largest retailer, after Walmart, has undertaken a national rebranding effort...
Retail

Tesco aims to double returns in central, east Europe

Indiaretailing Bureau -
Tesco , the world's No.3 retailer, on Wednesday detailed plans to double returns from its central and eastern European business by buying more goods regionally, opening a variety of stores and selling more services. At its annual results in April,...
Retail

Carrefour optimistic about Indonesia

Indiaretailing Bureau -
Carrefour Indonesia, the local unit of French giant retailer Carrefour, forecasts further growth in the archipelago’s hypermarket business, supported by strong consumer spending. The Indonesian unit’s sales in the first quarter climbed 12.7 percent to 267 million euros from...
Retail

Carrefour to offer online shopping in India;builds IT platform

Indiaretailing Bureau -
Looking to tap and engage tech savvy business establishments in India effectively, French retailer Carrefour is building an IT platform that will enable its customers to shop online. "We are in the process of building a platform for e-...
Retail

Carrefour profit fears over French stores

Indiaretailing Bureau -
Carrefour has been forced to issue what many analysts believe will be the precursor to a profit warning because of the problems at its French supermarket business.The French retailer, the world’s biggest supermarket chain after Walmart of the US,...
Retail

Carrefour names new France head as woes build

Indiaretailing Bureau -
Carrefour , the world's second-biggest retailer, shifted its European head to oversee its struggling French division, the latest in a series of moves to bolster investor confidence in its recovery plan. Carrefour, which is to face investors at an...
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