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Carrefour SA (CARR.PA)

CARR.PA on Paris Stock Exchange

19.08EUR
5:37pm IST
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Latest Key Developments (Source: Significant Developments)

Carrefour eyes no staff reduction from downsizing French hypermarkets
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Carrefour's Group Secretary General Laurent Vallee tells a hearing with the French Senate's Economic affairs Committee::Plan to reduce selling space in French hypermarkets will not lead to staff cuts, there will be training programmes for staff..Repeats there will be no other elements job-wise in French plan than those announced on Jan 23: Voluntary departures offered to 2,400 employees at the French head office and plans to sell or close 273 underperforming Dia stores which employ around 2,100 people. .Repeats Carrefour to strive to re-assign Dia store staff that could be affected by store closures.Unions have said they fear as much as 5,000 job cuts .  Full Article

Carrefour And La Poste Group Signs Partnership On Home Delivery In France
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - CARREFOUR ::GROUP AND LA POSTE GROUP JOIN FORCES IN HOME DELIVERY IN FRANCE.‍CARREFOUR LIVRAISON EXPRESS TO REACH 15 CITIES AT END 2018​.‍PARTNERSHIP IS PART OF PRIORITIES OF "CARREFOUR 2022" PLAN​.  Full Article

Carrefour signs partnership with Publicis.Sapient as part of broader expansion of digital business
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Carrefour /Publicis ::* Carrefour signs strategic partnership with Publicis.Sapient to accelerate its digital transformation.* Part of Carrefour's broader strategy plan unveiled on Tuesday nL8N1PI1EY.  Full Article

Carrefour CEO says recovery of French business is priority
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Carrefour CEO Aexandre Bompard tells anews conference::CEO SAYS LOOKING FOR BUYERS FOR 273 DIA STORES, IF CANNOT FIND INVESTORS, STORES WILL BE CLOSED.CEO SAYS TO DISPOSE OF NON-STRATEGIC ASSETS WORTH 500 MILLION EUROS.CEO SAYS HAS NO PLANS TO CLOSE ANY HYPERMARKETS, WILL REDUCE SIZE OF SOME HYPERMARKETS.CEO SAYS TO REVAMP ALL ITS INTERNET SITES, WILL HAVE ON SINGLE WEBSITE BY COUNTRY.CEO SAYS TO OPEN 170 NEW DRIVE CLICK & COLLECT POINTS BY END 2018.CEO SAYS TARGETS 5 BILLION EUROS IN ORGANIC FOOD SALES BY 2022 VERSUS 1 BILLION EUROS NOW.CEO SAYS RECOVERY OF FRENCH BUSINESS IS PRIORITY.  Full Article

Yonghui Superstores, Tencent Sign Letter Of Intent With Carrefour To Invest In Carrefour China
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Yonghui Superstores Co Ltd <601933.SS>::SAYS IT, TENCENT HOLDINGS <<<0700.HK>>> SIGN LETTER OF INTENT WITH CARREFOUR <<>> TO INVEST IN CARREFOUR CHINA HOLDINGS NV.SAYS ONE OF ITS OWNERS HAS UNLOADED 1.74 PERCENT STAKE IN THE COMPANY ON JAN 22, TAKING HIS HOLDINGS TO 17.11 PERCENT AFTER TRANSACTION.  Full Article

Carrefour Announces Transforming Partnerships In China
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - CARREFOUR SA ::CARREFOUR ANNOUNCES TRANSFORMING PARTNERSHIPS IN CHINA.POTENTIAL INVESTMENT BY TENCENT AND YONGHUI IN CARREFOUR CHINA.CARREFOUR AND TENCENT SIGNED A PRELIMINARY AGREEMENT REGARDING A STRATEGIC BUSINESS COOPERATION IN CHINA.  Full Article

Carrefour Announces Strategic Partnership With Showroomprivé
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Showroomprive ::CARREFOUR ANNOUNCES A STRATEGIC PARTNERSHIP WITH SHOWROOMPRIVÉ AND ACQUIRES A C.17% STAKE IN THE COMPANY.‍CARREFOUR WILL ACQUIRE C. 17% OF SHARE CAPITAL OF SHOWROOMPRIVÉ FROM CONFORAMA, A SUBSIDIARY OF STEINHOFF GROUP​.CARREFOUR'S EQUITY INVESTMENT IN SHOWROOMPRIVÉ WILL BE OFF-MARKET ACQUISITION OF BLOCK OF SHARES OWNED BY CONFORAMA.‍CARREFOUR'S EQUITY INVESTMENT IN SHOWROOMPRIVÉ WILL BE AT PRICE OF 13.5 EUROS PER SHARE, FOR A TOTAL AMOUNT OF C. 79 MILLION EUROS​.‍ADDITIONAL PAYMENT TO BE MADE BY CARREFOUR TO CONFORAMA, IF CARREFOUR LAUNCHES TAKEOVER BID FOR CO WITHIN 18 MONTHS OF TRANSACTION​ COMPLETION.  Full Article

ID Logistics extends its partnership with Carrefour to Romania
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - ID LOGISTICS SAS ::ID LOGISTICS MOVED INTO ROMANIA IN OCTOBER WITH TAKEOVER OF NEW SITE FOR CARREFOUR‍​.EXPANSION INTO THE ROMANIAN MARKET IS IN LINE WITH THE GROUP’S DEVELOPMENT STRATEGY‍​.“WE ARE DELIGHTED TO BE EXTENDING OUR PARTNERSHIP WITH ID LOGISTICS TO ROMANIA" SAYS CARREFOUR ROMANIA’S HEAD OF LOGISTICS.  Full Article

French supermarket retailer Carrefour to present strategy plan on Jan. 23
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Carrefour ::* Company to announce new strategy plan on Jan. 23..* Earlier this week, French retail giant Carrefour - under mounting pressure from traditional rivals as well as new competitors like Amazon - had sought to reassure investors that its plan to turn around its business was on track following a report of a delay. nL8N1NJ2SJ.* Shares in the world's second-biggest retailer fell nearly 2 percent on Monday after BFM Business radio said new CEO Alexandre Bompard was unlikely to unveil his revival plan before early 2018 instead of before end-2017 as previously announced..* The company is working on what is expected to be a far-reaching restructuring plan that some analysts estimate could involve one billion euros of cost cuts..* One reason for postponing the announcement was to avoid any labour trouble over the crucial Christmas period, BFM said..  Full Article

Carrefour says China assets could be consolidated with local players
Thursday, 28 Jul 2016 

Carrefour Sa :CEO says Chinese assets could be the subject of consolidation, perhaps involving local players, as in Brazil.  Full Article

UPDATE 2-Casino bets on Sarenza shoes to keep online rivals at heel

* French sector faces challenge from Amazon (Adds share price, fund manager comment)