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Fnac Darty grew 6 % in third quarter

Fnac Darty’s third quarter turnover grew 6 % to 1.792 billion euro, with growth in the Benelux as well. The company also revealed the integration of both companies is ahead of schedule.

Difficult third quarter for Carrefour
  • Published in Food

Carrefour’s quarterly results illustrate the major challenges the current CEO and his team face, especially in Western Europe. Belgian like-for-like turnover also dropped.

Carrefour customers deliver groceries through Merci Voisin
  • Published in Food

Supermarket group Carrefour launched a new platform in France, called Merci Voisin (Thanks neighbour). This allows customers to have their online orders delivered at home for a small fee by other customers, basically an Uber for groceries, sort to say.

Fnac-Darty introduces new board

A little more than a year after Fnac and Darty merged and several months after CEO Alexandre Bompard suddenly moved to Carrefour, the French entertainment and electronics group Fnac-Darty introduced its new board.

Auchan plans new hypermarket and supermarket formulas
  • Published in Food

French group Auchan wants to launch a new hypermarket formula in March 2019. The group will also export its Chinese formula Auchan Minute to other countries.

Amazon approaches European supermarket chains
  • Published in Food

Following its Whole Foods acquisition in the United States, Amazon is now planning on conquering the European food market. It has already contacted French and British supermarket chains; E.Leclerc is the first to confirm the attempts.

Bonduelle surpasses 2 billion euro milestone
  • Published in Food

For the first time ever, French vegetable manufacturer Bonduelle surpassed the 2 billion euro turnover milestone, thanks to a 16 % growth. For its current fiscal year, it wants to uphold that growth pace.

"Amazon eyes Carrefour acquisition"
  • Published in Food

According to a French business paper, Amazon is eyeing to acquire Carrefour in an attempt to increase its foothold in Europe. Carrefour's share suddenly became one of the biggest risers in the Paris stock exchange, even though no proof of the intents has yet been released.

Galeries Lafayette acquires majority stake in La Redoute

French department store chain Galeries Lafayette announced it will acquire a 51 % stake in La Redoute and it will obtain the remaining 49 % at a later stage.

Carrefour's weak results prompt restructuring plan
  • Published in Food

French retail giant Carrefour has stated it will simplify its structure after presenting very weak financial results yesterday. Its share got hammered 13 % on the French stock exchange as the French company said it has no improvement in sight.

Carrefour's profit is under pressure
  • Published in Food

French retail group Carrefour recently revealed disappointing financial results for the first half of 2017, and the new board indicated the second half of the year will also remain difficult.

Decathlon heads to US and Canada

French sports chain Decathlon has decided to return to North America: it will open a store in San Francisco this year and one near Montreal (Canada) early next year.

Will Kraft Heinz acquire Danone?
  • Published in Food

There are rumours that Kraft Heinz will target Danone after it failed to acquire Unilever. However, analysts feel the water between both companies may still be too deep.

Fipronil crisis forces waffles out of French supermarkets
  • Published in Food

Several waffles have been taken off of French shelves because they contain eggs that may have been contaminated with fipronil. 

Kingfisher experiences another turnover drop
  • Published in DIY

DIY group Kingfisher has experienced yet another disappoiting quarter: the British-French group suffered setbacks in both its home markets and the restructuring plan is also weighing down its results.

Kering and Alibaba join forces against counterfeit sales

French luxury group Kering has decided to drop a case against Chinese Alibaba regarding the sale of counterfeit items. Both companies will now join forces to combat counterfeit sales.

Bic lowers full-year growth forecast

French company Bic, known for its disposable lighters, ball-point pens and razor blades, has seen its sales stagnate over the past six months. The board has immediately lowered its full-year growth forecast.

Duo will lead Fnac Darty

The Fnac Darty group is preparing for life after Alexandre Bompard, since its current CEO will start working for Carrefour tomorrow. He may actually be succeeded by a duo.

Parisian clothing store Colette closes after twenty years

Famous Parisian concept store Colette has decided to close on 20 December, after twenty years in the business. The owner has decided she is too old to stay in the fierce fashion business.

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