Belgian fruit and vegetable producer Greenyard has suffered a heavy loss in the past financial year. As a result, the company's debt load also increased.
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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.
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Sun Art's French CEO is to step down and be replaced by a Chinese successor. The retail group is in French (Auchan) and Chinese (Alibaba) hands, and this move turns out to be proof that China is anything but an easy market for Western companies.
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.
Fruit and vegetable company Greenyard keeps losing turnover and profit. The company has appointed a transformation team and is in talks with the banks, hoping to find a solution for their mounting debts.
Carrefour Belgium has introduced a lowest price guarantee on organic products on its private label: a first visible result of the application of its new Act For Food programme to Belgium. The goal: letting Belgians eat better again.
Carrefour CEO Alexandre Bompard made things very clear when he presented his transformation plan: the group will experience a cultural revolution and nothing will be taboo. There were no real surprises however and there is no news about Belgium for now…
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.
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.