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French retailing giant Carrefour has posted a half-year loss of 249m and warned full-year profits would be 15% down on last year. Operating profits in its domestic market slumped 40% to 302m in the first six months of the year, with sales slipping 0.2%.
Former Tesco director James McCann has left Carrefour after less than 18 months with the French retail giant. McCann, the former head of Tesco s business in Hungary, was poached by Carrefour in January 2010 to run its French business.
Carrefour has agreed a tie-up with Alliance Boots in a move that mirrors the high street chemist s UK arrangement with Waitrose. As well as putting Boots beauty products on Carrefour s shelves, the duo will explore healthcare partnership possibilities in emerging markets.
Delivering sustainable organic growth is an ongoing challenge for most businesses
Overall food and drink exports from the UK were down 4.4% to £12.3bn
Chichester Crown Court heard that contractor Bradley Watts was lagging pipes in the loft space of the company’s Chichester site when he was electrocuted in June
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