Content about Carrefour SA

October 11, 2012

Carrefour SA reported that its revenue edged up in its third quarter, driven by strong sales in its convenience stores and markets in Asia and Latin America.

New York -- Carrefour SA reported that its revenue edged up in its third quarter, driven by strong sales in its convenience stores and markets in Asia and Latin America.

The company said Thursday that sales rose 2.1% to €22.6 billion ($29 billion) in the July to September quarter.

Recessions in Spain and Italy impacted Carrefour’s revenue in Europe, where sales were down 2.2%. Sales in Asia and Latin America increased, however, rising 12.3% and 5.2% respectively.
 

September 14, 2012

India’s government said that it has OK’d plans to permit foreign retailers to open stores that sell more than one brand, paving the way for retailers such as Wal-Mart Stores and Carrefour SA to expand their presence in the country.

New Delhi, India -- India’s government said Thursday that it has OK’d plans to permit foreign retailers to open stores that sell more than one brand, paving the way for retailers such as Wal-Mart Stores and Carrefour SA to expand their presence in the country.

The approved plan calls for overseas companies to put half of their investment in infrastructure such as processing, manufacturing, storage, warehouses and packaging.

June 15, 2012

Carrefour SA said it will sell its Greek supermarket business to its local partner and exit the country, the Wall Street Journal reported.

New York -- Carrefour SA said Friday it will sell its Greek supermarket business to its local partner and exit the country, the Wall Street Journal reported.

The French retailer said it would sell its 50% stake in the chain to its local partner, the Marinopoulos family, for an undisclosed amount and will take a mostly noncash charge of €220 million ($277.9 million), the report said.

Carrefour’s announcement comes two days before elections that could prove key as to whether Greece decides to stays in the euro zone.

January 26, 2012

A Thursday report by the Wall Street Journal said that French retailer Carrefour SA may hire French apparel group chief Georges Plassat to replace current CEO Lars Olofsson.

Paris -- A Thursday report by the Wall Street Journal said that French retailer Carrefour SA may hire French apparel group chief Georges Plassat to replace current CEO Lars Olofsson. WSJ cited unnamed sources close to the situation.

According to the report, Plassat could replace Olofsson as early as next week.

Plassat is head of Vivarte SA, in which he is also a shareholder.

Carrefour and Vivarte have not commented on the matter.

December 28, 2011

A report by the Wall Street Journal said that French retailer Carrefour SA has sold 97 supermarket sites to an investment company for $477 million.

Paris -- A Tuesday report by the Wall Street Journal said that French retailer Carrefour SA has sold 97 supermarket sites to an investment company for $477 million.

Carrefour, the world’s second-largest retailer after Wal-Mart Stores, will continue to operate the sites through 12-year leases under its Carrefour Markets banner. The company said the sales and lease-backs will allow it to optimize the use of its capital, which will be reinvested into other real estate.

August 9, 2011

Carrefour SA said Tuesday that it is not in discussions to sell its Brazilian unit to Wal-Mart Stores.

New York City -- Carrefour SA said Tuesday that it is not in discussions to sell its Brazilian unit to Wal-Mart Stores.

Newspaper Valor Economico had reported that the U.S. retailer was in discussions with Carrefour to acquire the French retailer’s Brazilian unit. The acquisition would have made Wal-Mart the largest retailer in Brazil after the acquisition. 
 

July 25, 2011

A Monday report by Bloomberg said that an Indian governmental panel recommended easing market-entry restrictions, making Wal-Mart Stores’ and Carrefour SA’s path into the India retail market potentially much easier.

New Delhi, India -- A Monday report by Bloomberg said that an Indian governmental panel recommended easing market-entry restrictions, making Wal-Mart Stores’ and Carrefour SA’s path into the India retail market potentially much easier.

Citing a finance ministry official as its source, Bloomberg reported that a panel of New Delhi bureaucrats recommended on Friday that overseas companies be allowed to own up to 51% of stores that sell more than one brand if they invest a minimum of $100 million.

June 28, 2011

Multiple reports on Tuesday said that French retailing giant Carrefour SA has received an offer to merge with Brazil’s Companhia Brasileira de Distribuicao.

New York City -- Multiple reports on Tuesday said that French retailing giant Carrefour SA has received an offer to merge with Brazil’s Companhia Brasileira de Distribuicao.

Brazilian investment fund Gama said in a statement that it proposed a merger between Carrefour, the world’s second largest retailer by sales after Wal-Mart Stores, and CBD, a local retailing giant.

May 26, 2011

India will announce new rules for foreign investment in retail by April 2012, which would pave the way for such retailers as Wal-Mart Stores, Carrefour SA and other large chains to open stores in the country, Bloomberg reported.

New Delhi, India  — India will announce new rules for foreign investment in retail by April 2012, which would pave the way for such retailers as Wal-Mart Stores, Carrefour SA and other large chains to open stores in the country, Bloomberg reported.

“We are much further down the process than people think,” said Junior Trade Minister Jyotiraditya Scindia in an interview with Bloomberg. “I think it is a huge opportunity for India.”

April 14, 2011

French retail giant Carrefour SA reported Thursday that sales in its fiscal first quarter inched up 3.9% to $35.7 billion.

Paris -- French retail giant Carrefour SA reported Thursday that sales in its fiscal first quarter inched up 3.9% to $35.7 billion.

Stronger showings in Brazil and China helped the retailer counteract weaker performance in Western Europe.

Carrefour's sales figures come ahead of a key shareholder vote in June on the company's plans to spin off its discount chain Dia and some European property assets into separately listed companies.

July 15, 2010

Carrefour SA, the world’s second-largest retailer behind Wal-Mart Stores, said Thursday that its revenue increased 6.3% in the second quarter.

Paris ( July 15, 2010 ) Carrefour SA, the world’s second-largest retailer behind Wal-Mart Stores, said Thursday that its revenue increased 6.3% in the second quarter.

The French retailer credited growth in Latin America and Asia for the strong performance.
 

March 1, 2010

Finance Minister Pranab Mukherjee said he lacks support from lawmakers to allow more foreign investment...

January 13, 2010

French retailer Carrefour SA hit its earnings targets in 2009 after higher sales in Brazil...

December 8, 2008

Britain's Tesco PLC will overtake France's Carrefour SA to become the world's second-largest retailer by...

November 20, 2007

New Dehli, India, ...

November 21, 2005

Paris, Carrefour SA...

November 21, 2005

Paris, Carrefour SA...

August 14, 2005

London, Carrefour SA...