But positive on Monday for Carrefour! Around 16:30, the action of the distribution group showed the highest increase in ACC 40: 2.94% to 33.08 euros in a market which lost 0.23%. Rival Casino gaining 1.45% to 62.91 euros.
The action is primarily supported by a first good news: Deutsche Bank has increased the purchase on Carrefour after recommending to keep it.
Furthermore, although the information has not yet been confirmed by Carrefour does not wish to comment, the group would begin selling its operations in Thailand (550 million euros turnover in 2009 ), Malaysia (300 million euros of turnover) and Singapore (80 million euros of turnover), according to Reuters."I would not reconsider our position on a number of emerging markets where the potential is not important," said Lars Olofsson, Executive Director of Carrefour, Le Figaro last January. These transfers could bring him some 800 million euros.
"Carrefour has too dispersed"
"These operations will confirm Carrefour to focus on China (3.5 billion euros in turnover in the first quarter of 2010, Ed), Taiwan (1.3 billion euros of turnover) or Indonesia (800 million euros of turnover), "said an analyst of CM-CIC Securities specialist value. He added: "These markets like Mexico, Chile, Japan, South Korea or Switzerland, which Carrefour has withdrawn, were either uninteresting or markets where the group has rapidly exceeded by its competitors. Carrefour was too dispersed.
Carrefour has been working with Goldman Sachs and UBS on the transaction that could sucsciter interest of private equity investment, according to the evolution of debt markets and mergers and acquisitions, or other distributors within Asia, as Tesco and Casino, according to the analyst.
Carrefour wants to "re-enchant the hyper"
More good news for the guys who did not wish to comment: As part of its "hyper-enchantment" Carrefour should delegate its rays to Virgin Music, the magazine Challenges. By outsourcing this department to a specialist, the group hopes to attract more young people into its stores. A first test will be done in the store Venissieux. And if successful, the contract could be extended to 238 Carrefour hypermarkets, and cover all rays non-food, whose sales have fallen 5% in 2009.
Friday, Carrefour officalisé restructuring its activities in Belgium. After months of negotiations, the group has signed a social agreement providing for the closure of sixteen stores deficit, while strengthening its partnership with Mestdagh. The reduction of labor costs Carrefour Belgium, it would save about 25 million euros per year. For the analyst of CM-CIC Securities, this restructuring plan is a "good news" because it will help give a boost to sales of the group in Belgium.
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