All France articles – Page 17
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News
Carrefour’s global brand director departs
Carrefour’s global brand director Laurent Blum has left the retailer. Before his appointment by chief executive Lars Olofsson at the end of 2009, Blum was vice-president of Nestlé Waters France, responsible for marketing and sales. Blum will reportedly not be replaced, and his duties will be reassigned between the internal ...
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News
Carrefour sells 97 supermarket properties
Carrefour has sold 97 supermarket properties to La Française AM, an investment fund majority-owned by Crédit Mutuel Nord for e365m (£305.5m).The properties were previously held by Carrefour’s real-estate branch, Carrefour Property. Carrefour will continue to operate the stores through 12-year leases under its Carrefour Market banner.
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NewsMulberry appoints new chief executive
Luxury goods retailer Mulberry has appointed a new chief executive who will join in March.
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News
Carrefour may sell stake in Altis to fund new venture
Grocery retailer Carrefour could sell its 50% stake in franchisee Altis to fund part of the takeover of its main franchisee Guyenne & Gascogne.Altis is a joint venture between Carrefour and Spanish grocer Eroski. The latter would reportedly buy Carrefour’s stake and sell it to a French retailer that has ...
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News
Casino to reduce non-food sales area in hypermarkets
Casino is to reduce the non-food sales area of its largest Géant hypermarkets in France following a pilot test in its largest hypermarket located near Marseille in which the sales area was reduced from 182,990 sq ft to 150,700 sq ft. Casino will cut the non-food sales area of half ...
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News
Carrefour denies reports to replace chief executive
Carrefour denied reports that key shareholders plan to replace chief executive Lars Olofsson. It said in a statement: “The board of directors of the company formally denies all information published in the press on that subject.” It released the statement after Le Figaro reported that the shareholders were lining up ...
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News
Discounter Dia cuts 2011 sales forecast
Spanish-based discounter Dia has cut its sales forecast for 2011 due to troubles in the “complicated” French retail market, where its nine-month like-for-likes fell nearly 7%. In 2010, France accounted for nearly 27% of Dia’s sales worldwide. The retailer, which was spun off by Carrefour last July, said it now ...
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GalleryIn pictures: M&S Paris flagship opens today
Marks & Spencer is to open its flagship Paris store today.
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News
Carrefour’s ELC speaks out against activist investor
Carrefour’s European Labour Committee (ELC) has spoken out against activist investor Knight Vinke’s proposal to elect a new chairman for the company.It claimed that the plan was aimed at dismantling the group. The ELC said that it wants “stability” and affirmed its support for the Carrefour Planet format, which it ...
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AnalysisCarrefour sounds profit warning as sales slide
Last week, the world’s second largest retailer, France-based Carrefour issued its fourth profit warning saying it expected 2011 operating profit to fall by up to 20%, compared with 15% stated previously for its third profit warning in August.
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News
Casino opens first Casino Shop in domestic market
The convenience arm of grocery retailer Casino has opened its first Casino Shop in its domestic market. The Casino Shop concept is typically less than 3,770 sq ft and offers 5,400 products, 1,500 more items compared with a Petit Casino. Casino Shop offers free home delivery and simultaneously acts as ...
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News
Amazon announces launch of Kindle e-reader in France
Amazon has announced the launch of its Kindle e-reader in France. The Kindle is now available for pre-order with a price tag of E99 (£86) via Amazon.fr with delivery from October 14.Amazon’s Kindle e-book selection comprises 35,000 titles in French and includes 4,000 free classics and 28 L’Express bestsellers. French ...
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News
Carrefour director Alain Fretellière to leave the group
Carrefour director of private label Reflets de France Alain Fretellière will leave the group at the end of the month. Fretellière, who also leads relationships with small and medium-sized enterprises, was a driving force behind the creation of Reflets de France, a range of French gastronomic products, which has enjoyed ...
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NewsMarks & Spencer launches French website
Marks & Spencer has returned to France with the launch of its new website in the country.
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News
Intermarché to grow convenience format
Intermarché is to increase its presence in big French urban centres by growing its Intermarché Express convenience format. The retailer has 22 convenience stores and expects to operate 50 by the end of 2012. Eight Express stores will open in the next four months, said Philippe Manzoni, president of ITM ...
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News
Carrefour hypermarkets not matching performance of pilot stores
Carrefour said its new Carrefour Planet hypermarkets weren’t matching the performance of the format’s pilot stores. Compared with the pilots sales at newer Carrefour Planet stores have not been increasing as strongly.However, group chief commercial officer José Carlos Gonzalez-Hurtado has said the results were still ahead of the September 2010 ...
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News
PPR suspends sale of Redcats division
PPR has suspended the sale of its Redcats division, citing market conditions as the reason for a failed auction process. First round bids for Redcats were due to be completed last week, with acquisition firms TPG and PAI working on a joint bid. Permira, Apax Partners and Advent International were ...
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AnalysisCarrefour unveils plans for Parisian superstore
French international grocery retailer Carrefour has announced plans to open a one-off premium superstore in Paris within a year.
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News
ITM announces sales growth
ITM, the operator of Intermarché grocery formats, has announced sales grew by 6.3% including petrol for the first half of 2011. The retailer’s hypermarket division saw sales rise 3% while supermarkets sales increased by 2.7% for those selling non-food, and by 1.9% for those selling food only. For the convenience ...
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News
DIY retailer Leroy Merlin to enter Romanian market
French DIY retailer Leroy Merlin is set to enter the Romanian market with the opening of a 183,000 sq ft store in Bucharest this month.The company has reportedly invested e6m (£5.1m) in the store, which will employ 250 staff and be managed by a team of French and Romanian staff.Leroy ...