Carrefour Batu Pahat, Malaysia. (Photo Credit: StockFile)
(FRANCE, 3/8/2013)
Carrefour SA (CA) has dispensed with assets in Colombia, Malaysia, Indonesia, Singapore and Greece -- moves that have helped add about EUR 5 billion to the company’s market value -- since Georges Plassat took over as CEO in May 2012, and plans to continue downsizing.
Now, Plassat might sell off operations in Turkey, Poland and Italy, according to a prediction by Main First Bank. And Deutsche Bank AG forecasts Carrefour may also downsize some hypermarkets in France given its consecutive declines in annual earnings.
Under Plassat, Carrefour is increasingly leaning toward strengthening stagnant domestic sales. Since May, the firm has sold operations with sales of EUR 5.2 billion, Deutsche Bank estimates.
“Carrefour has become a lot more hungry for cash to reinv...
(More Info)
Greenpeace pushes for better protection of albacore fisheries Worldwide
Greenpeace International has condemned the Indian Ocean Tuna Commission members' lack of attempt to try to stop the decline of vulnerable regional tuna species and adoption of insufficient measures to protect sharks.
Scotland welcomes 'big leap' taken in CFP reform United Kingdom
Scotland welcomes the fact that the European Fisheries Ministers have been able to agree on the mechanisms to deliver important aspects of the new Common Fisheries Policy.