Issue 2011 March 08th

This issue was created on 2011-03-08 08:49:00

  • Carrefour restructure changes real estate directionMarch 8, 2011
Carrefour has flagged up strong headline figures and has proposed a major company reorganisation but the future direction of the world’s second biggest retailer is far from clear. On 3 March the world’s second biggest retailer reported a 56% rise in annual net profit, as cost cutting helped offset the impact of one-off charges related to write-downs at its Brazilian subsidiary and the company pledged aggressive sales and profits growth this year.
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