|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||15.195 - 15.385|
|52 Week Range||12.955 - 20.875|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.46 (3.19%)|
|1y Target Est||18.39|
hit their lowest point since 1996 after questions about the retailer’s valuation, already under pressure due to fierce competition in the sector, increased concerns about its debt levels. Analysts at Bernstein warned on Wednesday that investors should be paying close attention to Casino’s related party transactions involving mainly French franchisees. Casino shares dropped as much as 10 per cent in response while shares in its parent company Rallye were down close to 8 per cent at one point as investors digested what a fall in valuation might mean for the heavily indebted group.
PARIS (Reuters) - Supermarket retailers Carrefour (CARR.PA) and Tesco (TSCO.L) said on Monday that they expected their previously-announced purchasing alliance to become operational in October. The companies ...
Majid Al Futtaim Holding LLC, the Dubai-based conglomerate which operates Carrefour SA stores in the Middle East, posted a 13 percent increase in revenue during the first half, as the company’s regional expansion helped weather the impact of value-added taxation at home. Sales climbed to 17.8 billion dirhams ($4.85 billion) from a year earlier despite “adverse market conditions,” Chief Executive Officer Alain Bejjani told Bloomberg TV on Tuesday in Dubai.
European markets were on track for their fourth straight week of gains on earnings. Investors are also looking ahead to key growth data due out in the U.S. later in Friday's session.
Carrefour (CARR.PA) CEO Alexandre Bompard on Thursday expressed confidence in his turnaround strategy after Europe's largest retailer posted a stronger-than-expected 5.8 percent rise in first-half operating profits. The performance reflected cost savings of 520 million euros and robust sales in Brazil, which helped offset weakness in the core French market amid cut-throat competition among supermarket retailers. "The first half was a major step forward and a sign Carrefour has changed.
Carrefour Brasil, the nation's largest retailer, said a truckers strike in May reduced its retail sales by 1.7 percent in the second quarter, executives told analysts on Thursday. Carrefour on Wednesday reported a 47 percent increase in net income for the quarter helped by an expansion in Atacadão sales.
Carrefour Brasil, the nation's largest retailer, beat second-quarter profit estimates, helped by an expansion in sales of its cash-and-carry division, known as Atacadao, the company said in a securities filing on Wednesday. The Brazilian unit of France's Carrefour SA posted second-quarter net income of 440 million reais ($119.31 million), 47 percent above the same period last year, topping the Reuters consensus estimate of 366 million reais. Carrefour Brasil, like arch rival GPA, owned by France's Casino Guichard Perrachon SA, has made a significant bet on the cash-and-carry format, a no-frills wholesale-style shopping experience for final customers.
France's antitrust authority said on Monday it will investigate whether several purchasing alliances recently sealed by French and European supermarket retailers threatened competition rules. The probe on that last alliance was also widened to include the tie-up between Carrefour and Tesco. The probes will assess "the competitive impact of these purchasing alliances on the markets concerned for suppliers and for consumers," said the anti-trust body in a statement.
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. The probe on that last alliance was also widened to include the tie-up between Carrefour and Tesco (TSCO.L). The probes will assess "the competitive impact of these purchasing alliances on the markets concerned for suppliers and for consumers," the statement said.
investors were pleasantly surprised Thursday by news of the likely extension of U.S. market exclusivity for blockbuster drug Gilenya. “We, along with most investors, [had] assumed generic erosion post this date,” says Deutsche Bank’s Tim Race. If no generic competition materializes, the company may also establish Gilenya’s follow-on molecule siponimod, says Mr. Race.
PARIS (Reuters) - 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 ...
PARIS/LONDON (Reuters) - 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. The Carrefour-Tesco alliance will reset relationships with global suppliers like Unilever, Nestle and Procter & Gamble, at a time when they are already battling sluggish demand and start-up rivals. In a further blow to major consumer goods firms, the pair will also jointly source own-brand products, sales of which are growing rapidly in Europe due to the expansion of discounters like Aldi and Lidl which mostly stock private-label goods.
PARIS/LONDON (Reuters) - A deal between Carrefour (CARR.PA) and Tesco (TSCO.L) 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. The Carrefour-Tesco alliance will reset relationships with global suppliers like Unilever (ULVR.L), Nestle (NESN.S) and Procter & Gamble (PG.N), at a time when they are already battling sluggish demand and start-up rivals. In a further blow to major consumer goods firms, the pair will also jointly source own-brand products, sales of which are growing rapidly in Europe due to the expansion of discounters like Aldi and Lidl which mostly stock private-label goods.
Two of the world’s biggest grocery chains, Tesco PLC and Carrefour SA, have struck a deal to collaborate on how they buy from suppliers in an effort to cut prices amid mounting competition from Amazon.com Inc. and other rivals. Tesco, Britain’s largest grocery chain, and Carrefour, the French giant, said they would jointly source certain products to lower prices, raise quality and broaden their product offerings. The deal is the latest in a string of moves by traditional grocers the world over as they race to find new ways to compete with Amazon’s growing food ambitions and fast-changing shopper behavior.
PARIS/LONDON (Reuters) - 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. With combined annual sales of $170 billion, the partnership is designed to secure a better deal from the likes of Nestle, Procter & Gamble, Unilever, Danone and others to help the French and British groups to compete hard on price. Such alliances are becoming increasingly common in Europe's retail sector as supermarkets battle to keep prices down to counter German-owned discount groups Aldi and Lidl and the looming shadow of U.S. internet giant Amazon.
LONDON (AP) — Tesco and Carrefour, two of Europe's biggest supermarket chains, are teaming up to wring better deals out of suppliers as traditional retailers battle increased competition from internet traders.
Tesco Plc and Carrefour SA are joining forces in a grocery "entente cordiale" against price pressure from Amazon.com Inc. and domestic rivals. This is a sensible rather than a radical solution to their problems, and may only work to defend margins rather than boost them. The logic here is simple: Carrefour and Tesco are teaming up to get better terms from suppliers.
Tesco and Carrefour are forming a purchasing alliance to increase their leverage with suppliers in an effort to lower prices https://bloom.bg/2z1y5uf #tictocnews (Source: Bloomberg)
Supermarket giant Tesco on Monday unveiled an audacious tie-up with Carrefour, France’s largest grocer, in a bid to lower prices for shoppers and compete with a wave of industry consolidation. The FTSE 100 retailer said it plans to enter into a “strategic alliance” with the Paris-headquartered firm which has 12,300 stores in more than 30 countries. Carrefour’s boss Alexandre Bompard called it a “major” agreement.
Through a global alliance that will apply to the joint purchasing of own-brand products, services, and other goods.
Jul.31 -- Alain Bejjani, chief executive officer of privately-owned Majid Al Futtaim Holding LLC, the Middle East operator of Carrefour SA stores, talks about the company's financial results, business strategy and outlook. He speaks with Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East."
Europe's two largest supermarket groups, France's Carrefour and Britain's Tesco, plan to form a global purchasing alliance to cut costs in the face of competitive pressure. As Thuy Ong reports, the deal is the latest partnership in a European retail industry into which U.S. internet giant Amazon has made inroads in recent months.