North America Edition
French retailer Carrefour intends to drop a plan to open a luxury food store on the chic Place de la Madeleine in Paris, a source close to the matter said on Tuesday.
Separately, Hediard, the French chain of luxury food shops whose flagship Paris store sits on the same square, filed on Monday for insolvency, a source familiar with the process said. He declined to be identified because of legal restrictions.
Carrefour's luxury plan, the brainchild of former head Lars Olofsson and announced in 2011, contrasts with the main cut-price strategy of Europe's largest retailer to revive its ailing French operations.
Carrefour and Hediard declined to comment on Tuesday.
Source: www.businesstimes.com.sg
Announcements
Job Offers
- Commercial Manager Spain
- Crop Farm Manager Sharjah
- Commercial Manager Soft Fruits
- Senior Commercial Manager
- Assistant Nursery Manager - Tasmania, Australia
- Tissue Culture Lab / Operations Manager - Victoria, Australia
- Irrigation Manager - Tasmania or Victoria
- Chief Executive Officer Hortifrut IG Berries
- Head of Operations - Dubai, United Arab Emirates
- Greenhouse grower / production manager - Brazil
Specials more
Top 5 -yesterday
- Danish robots make up for labour shortages on farms across Europe and further afield
- Australian-first Reemoon Fruscan 7 blemish grading technology already achieving improved quality
- Supermarket shortages could worsen as Australian growers brace for rain
- Rain affects the quantity of ginger in the market, and the price is on the strong side
- Pure Harvest Smart Farms secures USD $180.5 million from global investors to fund expansion
Top 5 -last week
Top 5 -last month
- How a safari camp in the heart of Kenya’s Masai Mara is harvesting 200kg monthly
- A very crowded European avocado market
- Kenya has surpassed South Africa as Africa’s top avocado exporter
- "We have lost 80% of our stone fruit production this year"
- "The soil of Zimbabwe seems to be magical for blueberries”
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-07-01 First Baltimore Lidl store set to open July 13
- 2022-07-01 Costco buys remaining stake in Taiwan joint venture
- 2022-06-30 Morrisons reported a 6.4% decline in underlying sales over its latest quarter
- 2022-06-30 Just Eat Takeaway shares fall to all-time low on doubts over disposal of U.S. Grubhub
- 2022-06-29 Supie is hoping to raise up to $5mln from the public to help its Auckland expansion
- 2022-06-29 Kroger announces the official opening of the CFC in Pleasant Prairie
- 2022-06-28 LCGB: Agreement over new collective contract with Lidl Luxembourg
- 2022-06-28 Gerrity’s Supermarkets has joined Wakefern grocery cooperative
- 2022-06-27 Amethis investment fund said it will sell its stake in Naivas to IBL Group
- 2022-06-27 Buggy acquires Ninja Delivery
- 2022-06-24 Spar UK has signed a new partnership deal with Deliveroo
- 2022-06-24 GTA Walmart Canada and Instacart: Delivery in as little as 30 minutes
- 2022-06-23 SuperK expanding its wings to Telangana and Karnataka by 2024
- 2022-06-23 DoorDash and Loblaw announced a collaboration
- 2022-06-22 Carrefour's CEO said global inflation is here to stay
- 2022-06-22 Kroger plans to open an automated customer fulfillment center in Denver metropolitan area
- 2022-06-21 Amazon will launch in Belgium by September
- 2022-06-21 Walmart uses innovative onboard technology to go the extra mile for drivers
- 2022-06-20 Slowest growth ever in '618' shopping event for JD.com
- 2022-06-20 Grocery Outlet enters 8th state
