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Carrefour SA (CRERF.PK)

CRERF.PK on OTC Markets Group

19.35USD
22 Nov 2017
Change (% chg)

$0.10 (+0.52%)
Prev Close
$19.25
Open
$19.46
Day's High
$19.46
Day's Low
$19.35
Volume
1,105
Avg. Vol
3,317
52-wk High
$26.38
52-wk Low
$19.25

Latest Key Developments (Source: Significant Developments)

ID Logistics extends its partnership with Carrefour to Romania
Thursday, 16 Nov 2017 01:41am EST 

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 02:00am EST 

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 CFO ties cut in 2017 sales growth goal to lower food inflation in Brazil
Wednesday, 30 Aug 2017 01:25pm EDT 

Aug 30 (Reuters) - Carrefour CFO Pierre-Jean Sivignon tells analysts during a call::CFO says it is "about correct" to expect full year 2017 ebit around 2.07 billion euros.Carrefour CFO says downwards revision of 2017 group sales growth guidance tied mostly to "very sharp" drop in food inflation in brazil.Carrefour CFO says expects 150 million euros of losses for Dia stores in 2017.  Full Article

New Carrefour CEO pledges to raise profitability, cash flow
Wednesday, 30 Aug 2017 12:32pm EDT 

Aug 30 (Reuters) - New Carrefour CEO Alexandre Bompard tells analysts during a call::Carrefour needs to accelerate digital transformation, needs to inject new life in French hypermarkets.Carrefour needs to raise profitability, improve cash flow generation, simplify organisation, meet market expectations..Bompard says faces "extraordinary difficult task" but convinced Carrefour has great potential, to provide more details on plan by end of year.Bompard visited the group stores, logistics sites, met top executives in the six weeks since he took over . Working on cinstituting his management team .  Full Article

Carrefour appoints Laurent Vallée as General Secretary
Wednesday, 30 Aug 2017 10:46am EDT 

Aug 30 (Reuters) - CARREFOUR SA ::APPOINTMENT OF LAURENT VALLÉE WITHIN THE EXECUTIVE MANAGEMENT OF GROUPE CARREFOUR.APPOINTMENT OF LAURENT VALLÉE IS EFFECTIVE IMMEDIATELY, REPLACING JEROME BEDIER AS GENERAL SECRETARY.  Full Article

Alexandre Bompard appointed Carrefour CEO and Chairman effective immediately
Tuesday, 18 Jul 2017 08:46am EDT 

July 18 (Reuters) - CARREFOUR :THE BOARD OF DIRECTORS HAS APPOINTED ALEXANDRE BOMPARD AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF CARREFOUR.APPOINTMENT ‍ BOMPARD EFFECTIVE IMMEDIATELY.  Full Article

Casino CFO reiterates 2017 profit growth targets
Thursday, 13 Jul 2017 02:13am EDT 

July 13 (Reuters) - Casino CFO Antoine Giscard d'Estaing tells a conferece call with journalists::Reiterates prediction for growth of at least 10 percent in group 2017 operating profit at current exchange rates.Reiterates forecast to grow 2017 operating profit at food retail operations in France by 15 percent.Says sale process of Via Varejo unit i Brazil continuing, no specific news to report.Sees no change to expansion strategy of Casino's GPA unit in Brazil post IPO of rival Carrefour <<>> in Brazil..  Full Article

Carmila raises 578 millions euros in capital increase
Thursday, 6 Jul 2017 12:35pm EDT 

July 6 (Reuters) - CARMILA SA ::RAISES 578 MILLIONS EUROS BY PLACEMNT OF NEW SHARES LAUNCHED ON JUNE 25.CARREFOUR SUBSCRIBES TO 50 MILLION EUR, AT END OF OFFER, CARREFOUR TO HAVE PARTICIPATION OF 35.7 PERCENT IN CARMILA.OFFER PRICE FIXED AT 24 EUROS PER SHARE.  Full Article

Carrefour keeps 2017 sales growth goal - CFO
Thursday, 6 Jul 2017 12:31pm EDT 

July 6 (Reuters) - Carrefour CFO Pierre-Jean Sivignon tells a confeence cal::Confirms forecast for 2017 sales growth of 3-5 percent at constant exchange rates - cfo.Carrefour cfo says will comment on 2017 ebit consensus at H1 results on August 30.  Full Article

Moody's sees Carrefour Brazil's IPO as slightly credit negative
Monday, 3 Jul 2017 08:56am EDT 

July 3 (Reuters) - Carrefour SA . Moody's Investors Service says in a statement::Moody's says believes Carrefour Brazil IPO is slightly credit negative because it will increase Carrefour's financial complexity and limit its access to its subsidiary's cash flows..Moody's also says thinks IPO is positive from an operating standpoint as it will improve local visibility of carrefour's brazil..  Full Article

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Auchan/Alibaba deal turns up the heat on Carrefour in China

PARIS A partnership between French retailer Auchan [AUCH.UL] and internet giant Alibaba risks pushing Carrefour further behind in China and could persuade its new boss to sell out of the country.