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Navis Capital “in bid for Carrefour Asia assets”

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Malaysian private-equity fund Navis Capital has reportedly made the second round of bidding for Carrefour’s Singaporean and Malaysian assets. According to reports by Reuters, a source said Navis...

Europe’s food retail sector set for consolidation – analyst

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Europe’s food retail industry is set to see the return of mergers and acquisitions, analysts at J.P.Morgan Cazenove said yesterday (12 October) as they started their coverage of the sector.In a report...

Carrefour unveils EUR1.5bn Carrefour Planet roll-out

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Carrefour has revealed an EUR1.5bn (US$1.97bn) plan to convert or remodel some 500 hypermarkets to its new Carrefour Planet concept by 2013 in France, Spain, Italy, Belgium and Greece.The Carrefour Planet...

Carrefour “shortens bidder list”

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Carrefour has reportedly dropped Tesco and Aeon from the bidding for its businesses in three south-east Asian markets.According to the Wall Street Journal, the remaining bidders reportedly include Carrefour’s...

China helps boost Carrefour first half

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* Company returns net profit of EUR82m * Operating profits up 7.6% on savings * Sales in Asia up 8.9% at constant exchange rates Carrefour SA has returned to profit in its first half with sales growth...

Carrefour to buy 51% of hypermarket firm Baolongcang

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French retail giant Carrefour has signed an agreement to acquire 51% of Chinese hypermarket operator Baolongcang.The founders of Baolongcang, one of the main hypermarket operators in Hebei, near Beijing,...

Carrefour break into Indian market

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French retail giant Carrefour has revealed that it is preparing to open its first cash and carry outlet in the Indian market. “The Carrefour Group will open its first cash and carry store in the...

Foreign retailers outpace domestic chains in China

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Foreign retailers operating in China saw their sales and their store-opening programmes outpace their domestic rivals in 2009, according to the latest industry data in the country.Sales from the 20 “foreign-funded”...

Carrefour’s new Executive Director, Europe

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Lars Olofsson, Chief Executive Officer and Board Member of Carrefour, has appointed Vicente Trius as Executive Director, Europe and member of the Group’s Executive Board, in charge of Belgium, Spain,...

Belgian retailers, Ferrero face claims of price fixing

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Belgian’s three major food retailers are under investigation for allegedly fixing the price of Ferrero’s iconic Nutella chocolate spread over a six-year period. The allegations stem from a...