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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.
You won’t miss it when you give it; but patients could miss it if you don’t.
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