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Saddled with 1.3 billion euros of debt, Greek retailer Marinopoulos gets bankruptcy protection

Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp

Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp

Business

Carrefour sales speed up due to Europe 'growth engine'

Europe’s largest retailer Carrefour says sales accelerated in the third quarter, driven by a recovery in southern Europe, and a good performance in

Europe’s largest retailer Carrefour says sales accelerated in the third quarter, driven by a recovery in southern Europe, and a good performance in

Business

Carrefour turnaround as profits rise

Retailer Carrefour has announced a rise in operating profits. The end of year results show an increase of 6.7 percent which amounts to €2.39bn

Retailer Carrefour has announced a rise in operating profits. The end of year results show an increase of 6.7 percent which amounts to €2.39bn

Business

Carrefour in deal to buy shopping centres

Carrefour is teaming up with a group of institutional investors to buy 127 of the shopping centres in which it runs stores. The small and

Carrefour is teaming up with a group of institutional investors to buy 127 of the shopping centres in which it runs stores. The small and

Business

Carrefour profits from recovery plan

Carrefour’s shares surged after the world’s second biggest retailer posted a sharp improvement in earnings at its core French business. Its

Carrefour’s shares surged after the world’s second biggest retailer posted a sharp improvement in earnings at its core French business. Its

Business

Carrefour on the road to recovery

Carrefour, the world’s second largest supermarket chain, ended 2012 in a better state than it started the year. Sales at the French retail giant

Carrefour, the world’s second largest supermarket chain, ended 2012 in a better state than it started the year. Sales at the French retail giant

Business

Carrefour checks out of Indonesia

Carrefour, the second biggest retailer in the world is getting out of Indonesia. It is selling its 60% stake in Carrefour Indonesia to its partner

Carrefour, the second biggest retailer in the world is getting out of Indonesia. It is selling its 60% stake in Carrefour Indonesia to its partner

Business

Colombia is latest exit for Carrefour

Struggling French retail giant Carrefour is selling its stores in Colombia for two billion euros. It is part of a major restructuring under its

Struggling French retail giant Carrefour is selling its stores in Colombia for two billion euros. It is part of a major restructuring under its

Business

Lack of details on Carrefour turnaround disappoint

Carrefour’s new boss is promising to slash costs and defend the troubled retailer’s key markets like France, Brazil and China. However George

Carrefour’s new boss is promising to slash costs and defend the troubled retailer’s key markets like France, Brazil and China. However George

Business

Carrefour relatively upbeat despite weak sales

Carrefour has said that while trading remained weak in Europe’s austerity-blighted countries, it was not getting worse. That cheered investors fed

Carrefour has said that while trading remained weak in Europe’s austerity-blighted countries, it was not getting worse. That cheered investors fed

Business

Carrefour's boss: Give me just a little more time

Three years: that’s the time Carrefour’s new CEO, Georges Plassat, says he needs to turn around Europe’s largest retailer. A realistic estimate

Three years: that’s the time Carrefour’s new CEO, Georges Plassat, says he needs to turn around Europe’s largest retailer. A realistic estimate

Business

Carrefour calls it a day in Greece

Europe’s number one retailer Carrefour is selling out of Greece. The company says it is selling to its joint-venture partner Marinopoulos, which will

Europe’s number one retailer Carrefour is selling out of Greece. The company says it is selling to its joint-venture partner Marinopoulos, which will

Business

Carrefour's hyper struggle continues

Europe’s biggest retailer – Carrefour – which is struggling to win back investor confidence, did manage to stabilise sales in the first quarter

Europe’s biggest retailer – Carrefour – which is struggling to win back investor confidence, did manage to stabilise sales in the first quarter

Business

New boss in latest Carrefour turnaround bid

It is all change at Carrefour Europe’s largest retailer. Out goes Lars Olofsson, who failed to revive the French group’s ailing hypermarkets, and

It is all change at Carrefour Europe’s largest retailer. Out goes Lars Olofsson, who failed to revive the French group’s ailing hypermarkets, and

Business

Yet another profit warning from Carrefour

French supermarket giant Carrefour is warning its profit for last year will be near the low end of already pessimistic forecasts. Europe’s biggest

French supermarket giant Carrefour is warning its profit for last year will be near the low end of already pessimistic forecasts. Europe’s biggest