Carrefour SA (CARR.PA)
20 Jul 2018
PARIS, July 16 France's antitrust authority said on Monday it will investigate the potential impact of several purchasing alliances recently sealed by French and European supermarket retailers.
PARIS Upmarket department store Galeries Lafayette said on Wednesday it will sell Boulanger household appliances and multimedia products in its stores, the latest alliance among brick-and-mortar retailers to compete with online giants like Amazon .
PARIS/LONDON A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz.
* Nestle, under fire from Third Point, clashed with retailers
PARIS/LONDON Europe's largest supermarket groups Carrefour and Tesco have agreed to form a global purchasing alliance to demand better terms from major suppliers in the latest attempt by the industry to drive down costs. | Video
* Suppliers concerned that they risk being squeezed hard (Adds further reaction)
PARIS, July 2 French supermarket retailer Carrefour and British peer Tesco announced on Monday plans to form a global long-term purchasing alliance, as they seek to cut costs.
PARIS The French government called on Carrefour's former chief executive to give up his full retirement package, a spokesman said on Sunday, saying he had not left Europe's biggest retailer in a state which merited a generous payout.
PARIS Former Carrefour chief executive Georges Plassat is to give up part of his departure package, the French retailer said on Saturday after facing pressure from employers' bodies, unions and the government over his payout.
PARIS Carrefour's new alliances with tech giants Google and China's Tencent show the French retailer's e-commerce offensive is making big progress, chief executive Alexandre Bompard told shareholders on Friday.