This week, the offices of supermarket chains Casino and Intermarché (in France) and Carrefour and Louis Delhaize (in Belgium) were visited by inspectors from different competition authorities. They are investigating whether the retailers violated antitrust regulations with their purchase alliances.
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The Belgian Competition Authority is investigating whether some supermarket chains have violated competition rules. Yesterday, a search and seizure took place at the headquarters of Carrefour and Provera (louis delhaize). For clarity's sake: Ahold Delhaize is not involved in the matter.
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Belgian retailers mourn the death of Jacques Dopchie, who rebuilt the old Grand Bazar (pictured) into the modernised retail empire GB Inno BM. Dopchie and his wife died together, at the age of 90.
Sustainable grocery initiative Loop has been launched in Paris. The initiative allows A-list brand manufacturers and Carrefour to deliver their products at home in re-usable packaging. Unfortunately, waste-free shopping is still quite expensive.
Carrefour has no plans to sell its Chinese branch, a spokeswoman for the French retailer said to end to the rumours that have been circulating.
Carrefour has the intention to cut 3,000 French jobs instead of 1,000 as previously announced: the supermarket group wants to give an additional 1,770 employees a chance to go on early retirement.
In the first quarter of 2019, Carrefour group performed slightly better than expected, mainly thanks to higher food sales in the home market. Although the turnover in Belgium went down again, the retailer sounds rather positive.
Unbeatable prices in a low-cost environment: that's the Carrefour Essentiel concept in a nutshell. The retailer is currently testing the new formula in Avignon as one of the possible avenues to save Carrefour's unprofitable hypermarkets.
Carrefour Belgium and Medi-Market are entering into a partnership: Carrefour hypermarkets will feature shop-in-shops from the health and wellness retailer. Some hypermarkets will feature a real pharmacy.
Carrefour wants to cut 1500 more jobs in France. The affected will mostly be employees in hypermarkets. The supermarket group is hoping to reach a mutual agreement on the cuts.
Carrefour's first urban pickup point in Belgium is in the heart of the European quarter. The concept offers downtown customers the range and the prices of a hypermarket, including the promotions.
Store chains pay far more taxes than internet platforms, which is untenable - according to Carrefour CEO Alexandre Bompard. He is therefore in favour of a tax that will bring an end to this fiscal imbalance, which is tabled in France but rejected for the whole EU.
French retail giant Carrefour has seen its comparable turnover grow 1.4 % in the past year, to 84.916 billion euros. Excluding non-recurring events (such as selling the Dia chain), net profits ended at 802 million euros (+ 3.75 %).
Much like in France before, Carrefour Italy wants to tackle its bad financial results by downsizing the staff and reducing the size of several hypermarkets. On the other hand, the retailer will be investing in store openings and e-commerce.
LetterOne, a Russian investor owned by Mikhail Fridman, plans a 300 million euro takeover bid on the ailing Spanish discount chain Dia.
Turmoil has erupted in France when Carrefour's plans to save its ailing hypermarkets were leaked. Several non-food departments will be closed and more stores will be franchised.