French fashion chain Camaïeu has found a new owner to save the company: real estate group FIB from Bordeaux. However, the stores in Belgium, Luxembourg and Switzerland are not part of the deal.
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King Jouet has acquired 117 stores of its competitor Maxi Toys through its owner, the Gueydon family. The French toy store chain adds twenty stores to its Belgian network, currently consisting of one store near Brussels.
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Comparable sales went down more than 40 % at French luxury brand Hermès, which felt obligated to emphasise that the crisis is not over yet.
Cosmetics lose their importance during lockdowns: L'Oréal's turnover went down more than expected, while profit dropped as well.
French luxury group Kering, owner of Gucci and rival to LVMH, saw its sales drop by 44 % in the past quarter. Despite the first signs of recovery after the lockdowns, especially in China, the second half of the year remains uncertain.
Helped by strong growth figures in Belgium, Spain and Brazil, French hypermarket chain Carrefour ended the first half of the year with results that were better than expected. The group is focusing even more strongly on cost savings in order to increase profitability.
Luxury is one of the worst hit sectors by the covid pandemic, as proven (again) by LVMH's half-year results. Turnover went down 27 %, net profit even 85 %.
French retailer Carrefour and Uber Eats have extended their grocery delivery collaboration beyond France. Two Belgian cities will also take part in the pilot, which promises delivery within 30 minutes.
French clothing retailer Tati is forced to close its last remaining store due to the coronavirus fallout, fierce competition and changing consumer habits. That spells the end for the iconic pink and white chequers.
More than half of the French Carrefour hypermarkets are loss-making. The supermarket group is investing in mobile payment options and an Amazon Go variant to make shopping as easy as possible.
Carrefour customers in France can now add their loyalty card to their Apple Wallet, so that they can pay with their iPhone or Apple Watch and at the same time use the loyalty programme.
The group of French family Zouari (current owners of frozen food giant Picard and one of Casino's major franchisers) wants to buy organic chain Bio c’Bon.
Dutch non-food discounter Action is to trial click & collect in two of its French stores. The pilot is a direct consequence of the coronavirus crisis, which forced the chain to close all of its stores in several countries.
Although the French department stores have reopened since 29 May, traffic at Galeries Lafayette is still very calm. The corona crisis will cost the iconic department store group a total of more than a billion euros, causing the group to apply for state aid.
French clothing webshop 3 Suisses has applied for and been granted protection against creditors in a move that, for once, seems to have nothing to do with the current coronavirus crisis.
Amazon can get back to work in France: the online retailer has reached an agreement with the unions on a phased restart of its distribution centres, after five weeks of inactivity.