Carrefour cuts thousands of jobs in favour of e-commerce
  • Published in Food

French hypermarket group Carrefour is laying off thousands of employees, CEO Alexandre Bompard announced today. His new transformation plan, focused on e-commerce, is intended to turn Carrefour into the “global leader in food transition”.

Carrefour looks back on difficult year
  • Published in Food

Despite a fourth quarter improvement, French Carrefour has been through a very difficult year. Next week, CEO Alexandre Bompard is expected to set out new guidelines in order to give the retail giant's results a new push.

Macron wants World Heritage recognition for French baguette
  • Published in Food

French president Macron and the union of French bakers want to get the French baguette listed as Unesco World Heritage. If it succeeds, it will follow in the footsteps of Belgian beer and pizza from Napoli.

Lactalis recalls 12 million packs of baby milk
  • Published in Food

Dairy manufacturer Lactalis is in the eye of the storm in France, because its baby milk has been contaminated with salmonella. It had to recall 12 million packs across 83 countries.

Carrefour buys stake in Showroomprivé

Carrefour has obtained a 17 % minority stake in flash sale seller Showroomprivé with the intent of increasing its digital and non-food reach. Former shareholder Conforama did suffer a loss.

Kering hands over control of Puma

French luxury group Kering will get rid of 70 % of German sports brand Puma’s shares and wants to turn its attention to its luxury brands. Puma does not fit into that category.

Luxury group Richemont grows 7 percent

French luxury group Richemont achieved a 7 % third quarter revenue increase. Unfortunately, exchange rate fluctuations eliminated nearly everything.

Les Mousquetaires acquires Bricorama
  • Published in DIY

The French Bureau of Competition has approved franchise group Les Mousquetaires' acquisition of DIY chain Bricorama. The deal will catapult Les Mousquetaires into the third position in the French DIY industry.

France creates legal framework for price wars
  • Published in Food

France implemented a new law, stating that food in supermarket needs to have a 10 % margin at least. This is the country’s attempt to curtail price wars, which also impact farmers.

Convenience 2.0: MyAuchan reconciles offline with online
  • Published in Food

French retail group Auchan has launched a new type of urban convenience stores, called MyAuchan. The ambition is to merge physical and digital retail into “phygital”, adding hospitality features. 

Carrefour continues to lose French market share
  • Published in Food

Kantar Worldpanel’s new numbers underline the fact that Carrefour CEO Alexandre Bompard is facing a huge challenge. Out of every supermarket chain, his chain suffered the largest market share loss in France last month.

Labour unions fear Carrefour's transformation plan
  • Published in Food

A restructuring program at supermarket firm Carrefour will require a lot of work in the next few months and years. It has also left the labour unions fearing the future.

Carrefour and Fnac Darty consider purchase alliance

Supermarket firm Carrefour and electronics seller Fnac Darty are considering an alliance for their electronics acquisitions. The combination could lower purchase prices.

New CEO for Desigual's parent company

Eurazeo, which owns fashion brands like Desigual and Moncler, appointed a new CEO. Starting 19 March 2018, Virginie Morgon will succeed Patrick Sayer. She has been part of the company’s board for ten years.

Groupe Casino will join online forces with Ocado
  • Published in Food

French supermarket group Casino signed a deal with British online retailer Ocado. It will use the British infrastructure to help grow its own online shops.

Rémy Cointreau's expensive cognacs perform well in Asia
  • Published in Food

French liquor group Rémy Cointreau had an excellent third quarter. Its more expensive bottles of cognac were very popular, especially in China, Japan and Singapore.

C&A sells 13 French stores

Fashion chain C&A will sell thirteen of its 160 French stores. The locations and the staff will all transfer to French fashion chain Chaussea and Stokomani.

Carrefour delays transformation plan
  • Published in Food

French retail group Carrefour would like to have presented its new transformation plan before the end of the year, but the supermarket company’s board is now forced to shift the deadline to January.

New CEO for Christian Dior

Sidney Toledano, who has led French fashion label Christian Dior for the past nineteen years, will hand over the reins to current Fendi CEO Pietro Beccari in February. The move is part of a major reshuffle operation at the head of LVMH.

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