All France articles – Page 13
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GalleryStore gallery: Karl Lagerfeld opens new concept store in Paris
Franco-German designer Karl Lagerfeld has just opened a new concept store in Paris that stocks only ranges bearing the designer’s name.
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AnalysisInternational analysis: Is Carrefour’s strategic plan equal to the market?
Despite challenges in formats and geography, Carrefour’s 2012 results were above expectations and saw its first rise in domestic profit.
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Grocery retailer Auchan reveals new supermarket format
Grocery retailer Auchan has revealed its long-awaited new supermarket format dedicated to fresh and gourmet food.It has been branded Arcimbo, after the Italian Renaissance painter Arcimboldo.
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Printemps owner, Borletti Group enters talks with Qatari Holdings
The owner of the French department store group Printemps, Italy’s Borletti Group, has entered exclusive talks with Qatar’s sovereign wealth fund, Qatari Holdings (owner of Harrods in the UK) to discuss a takeover.However, last week the tussle for Printemps took a new turn. France’s largest department store group, Galeries Lafayette, ...
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Turnover soars at Casino in 2012
Casino’s turnover soared 22.1% to E41.97bn (£36.91bn) in its full-year 2012 compared with 2011. Net profit climbed 84.4% to E1.07bn (£941m) thanks to the consolidation of its grocery subsidiary GPA in Brazil.In France, the retailer recorded a slight decline in turnover of 0.8% at constant exchange rates excluding petrol, to ...
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NewsIkea pulls meatballs from UK stores after horse meat discovery
Ikea has withdrawn meatballs from sale in UK stores after tests in the Czech Republic found traces of horse meat in a batch made in Sweden.
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Electronics retailer Darty issues profit warning
Electronics retailer Darty has issued a warning on its full-year profits.The retailer said if conditions continue, “adjusted profit before tax for the year to April 30 is unlikely to meet the lower end of expectations”. Darty’s total revenue in the third quarter to January 31 fell 2.5%, and like-for-like sales ...
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Revenue increase for LVMH’s Selective Retailing division
Revenue at LVMH’s Selective Retailing division, which includes beauty specialist Sephora, rose 22%, or 14% on a comparable basis, to e7.9bn (£6.8bn) in 2012. Profit from recurring operations increased 19% to e854m (£735.9m).The group said it continued to achieve “an excellent level of performance” and made market share gains across ...
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Regis Schultz appointed chief executive at Darty
Consumer electronics specialist Darty has appointed Regis Schultz, at present the head of French retailer But, as its new chief executive effective from May 1. He will take over from Dominic Platt, who has held the position temporarily since Thierry Falque-Pierrotin stepped down in September.
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Auchan to open hybrid drive-thru supermarket
Auchan is to open its hybrid drive-thru supermarket, Multifrais, in Villeparisis, Paris. The 14,300 sq ft store will be beside a motorway, close to a recently opened Auchan Drive, and will focus on fresh and gourmet food.Four food corners will be dedicated to meat, alongside a wine cellar, but the ...
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NewsMarks & Spencer eyes European expansion for Simply Food format
Marks & Spencer is to launch its Simply Food concept into other Western European countries after it enjoyed strong food sales in its Paris flagship store.
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NewsFurniture etailer Made.com expands overseas with French launch
UK designer furniture etailer Made.com has unveiled the first step in its international expansion strategy with the opening of its French website today.
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Casino reports sales growth
Casino has reported sales growth of 22.1% to e41.97bn (£35.25bn) in 2012, corresponding to a 4% organic rise (at constant consolidation and exchange rates).Fourth-quarter sales rose 3.2% to e12.9bn (£10.83bn). There was with an 8.5% rise for Casino’s international operations in Brazil, South America and Asia, compensating for a 2.2% ...
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AnalysisInternational analysis: French independents have right model for growth
French independent retailers including E.Leclerc, Intermarché and Système U, have all announced that they will report solid 2012 sales growth in their domestic market.
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Casino to enter Serbian market
Casino is to enter the Serbian market with seven supermarkets this year. The launch was enabled by an agreement between Casino and local partner Sodibal. The latter has also become official distributor of Casino products and supermarkets for the Balkan region.
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Redcats begins sale negotiations for children and family division
Luxury retailer PPR’s Redcats division is thought to have begun exclusive negotiations with investment fund Alpha about the sale of its children and family division, which includes the Vertbaudet and Cyrillus brands.The division was put up for sale in October. In 2011, Vertbaudet generated sales of E252m (£204.9m), while Cyrillus ...
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Monoprix to open 50 stores in France
Casino’s Monoprix banner is to open 50 stores in France by the end of this year. Monoprix will ultimately operate a network of 523 stores.The fascia will also be fully integrated into Casino following its acquisition of former partner Galeries Lafayette’s stake in the joint venture for E1.18bn (£959.4m) last ...
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Grocer Casino plans a 100 drive-thrus by next year
Grocer Casino is planning to operate more than a 100 drive-thrus by next year, following a positive operation with a Leader Price master franchisee in southwest France.The service will subsequently be rolled out nationwide. Leader Drive operation director Pierre Dumeste said in-store picking was the most appropriate operating method for ...
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Auchan reports successful mobile payment trial
Grocer Auchan has successfully trialled a new mobile payment system called Flash’n Pay, it has been reported.The mobile wallet, developed by the retailer’s financial services subsidiary Oney Banque Accord, allows customers to pay with their smartphones and also manage coupons and loyalty points from the same application.The system is compatible ...
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Monoprix appoints new chairman and chief executive
Casino-owned variety store group Monoprix has appointed Casino chief executive Jean-Charles Naouri as chairman and chief executive, replacing Philippe Houzé.The hire follows Casino’s acquisition of the 50% stake in Monoprix previously held by Galeries Lafayette. The deal is expected to be approved by the French Competition Authority next year.