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France’s Carrefour in financial difficulties

results show that the Group net profit dropped 44.7% last year, dropped to 12.7 billion euros.

     The spread of economic crisis and high oil prices, many French people changed the focus on driving consumer shopping habits, with large supermarkets as the main business of the Carrefour Group is experiencing operational difficulties. The Group  The new CEO Gustafsson said it would revitalize the local businesses out of the woods. France’s Carrefour group business accounted for 40%, while supermarkets accounted for all the business about 57% again. In face of the difficult situation arise, Olofsson said that the revitalization of metropolitan France’s business is the preferred group, the Group will invest heavily to increase promotional efforts to make the major supermarkets in the turnover and market share both to grow. British “Economist” magazine carried an article on the 8th, said the French retail enterprises, “Carrefour” substantial shareholder intends to sell Asia, Latin America, business, people wishing to withdraw from the Chinese market.

 England said that Carrefour will introduce China

   The article said, “Carrefour” in Chinese transliteration happens to mean “happy happy family”, which no doubt contributed to this good fortune French companies operating in China since 1995, since the success of

 . The same industry, in 1975 entered the Brazilian market, Carrefour has been used as a local company and a Brazilian companies have been vying for market leader position. Carrefour Group in China and Brazil’s Industry Service a large, fast-moving, bringing a huge return on investment, however, executives are now so surprised Carrefour is reported to the company’s two largest shareholders are asking to sell it in Asia and Latin American business.

     Main real estate private equity fund of U.S. colony capital firms and luxury goods group Louis Vuitton’s president starting in 2007, called by a joint holding company Blue Capital Investors

 Carrefour, Carrefour currently has more than 13% of the shares and about 20% of the voting rights. Almost the same as many investors, the financial crisis is what they caught in a predicament: Carrefour’s stock from the original income

 Purchase of around 50 euros when it fell to the current 30 euros. They originally wanted to separate Carrefour’s real estate business to obtain a one-time gains, but real estate prices crash destroyed the plan .

     According to brokerage firm BNP Paribas Securities Services Philip estimate the sale of Carrefour’s business in Asia and Latin America can be as much as 13 billion euros in revenue, 10 per share to shareholders Around the euro dividend to reduce some debt. Wal-Mart is likely willing to pay – the American company is currently the world’s largest retail enterprises, and have settled in Brazil and China. However, such an act of sale is limited to the slow growth of Carrefour will be the European market, and several markets in which it is difficult. Carrefour is preparing to change the complete change in France’s super - City. French market in Carrefour’s sales in 2008 accounted for 44%, but the recent sharp decline in share.

 Carrefour said it would not withdraw from China

     The article points out, in June last year, Carrefour Chief Executive Officer announced that Brazil, China, Russia and India will become Travels Carrefour to expand business in major markets. October 7, Carrefour reiterated He did not intend to sell their business in emerging markets. Recently Carrefour China, Turkey, Colombia and Brazil have received the group’s subsidiaries Olofssond Global Chief Executive Officer e-mail, Carrefour rumor of these rumors.

     Reported that the executive director of Carrefour in Turkey Vicaire, said to be in Turkey this year, Carrefour opened 60 hypermarkets in 2010, the development of 100 shops, shops will double within two years. At the same time, due to the lack of easy to close the site, Carrefour will be prepared every year to open 3-4 hypermarket. Vicaire also said that Carrefour Group also plans to continue to develop in Turkey, Dia brand discount, hoping to open 80 this year. Carrefour Turkey’s market share accounted for 15.6%, behind Migros (24.7%), and Bim (24.2%) after.

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