- 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
- Experienced International Trade Specialist
- Packaging Supervisor
Top 5 -yesterday
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
- "We have lost 80% of our stone fruit production this year"
- "The soil of Zimbabwe seems to be magical for blueberries”
- San Miguel sells fresh fruit operations in Peru and South Africa to Citri&Co
Carrefour seen eyeing Brazil listing to help fund expansion
With its core French business on the mend, Carrefour chief executive Georges Plassat has said he wants to speed up expansion in the fast-growing emerging markets of Brazil and China, but has yet to say how.
In October, Plassat signalled he was gearing up for a change in South America's top economy by naming 56-year old Charles Desmartis to head the holding company controlling all of Carrefour's Brazilian operations.
Desmartis' mission is to renovate an ageing store network and take on competitors Grupo Pao de Acucar (GPA), owned by France's Casino and Wal-Mart .
But after a big drive to cut Carrefour's debt, Plassat is anxious that any extra investment does not drive borrowings back higher, leading to speculation of a partial listing in Brazil.
"They must accelerate in Brazil without weighing on the balance sheet. The idea would be that Brazil finances itself," said Raymond James analyst Cedric Lecasble.
"Any solution that would combine an acceleration in Brazil with a solid balance sheet would be well received by investors."
Desmartis' experience in spearheading the initial public offering (IPO) of Schlumberger's smart card unit Axalto in 2004 and as head of Carrefour's financial controls since 2011 has added to speculation that a Brazilian listing is in the works.
"Things are heating up in Brazil. I think an IPO could take place within six months, provided there is no big macro-economic incident," said another analyst, who asked to remain anonymous.
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 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
- 2022-06-17 Tesco: Market environment "incredibly challenging"
- 2022-06-17 Kroger posted robust fiscal 2022 first-quarter sales
- 2022-06-16 Amazon Fresh checkout-free store opened in Hoxton, London
- 2022-06-16 7-Eleven has teamed up with Waitr
- 2022-06-15 Buyer(s) found for Metro and Makro in Belgium
- 2022-06-15 SpartanNash has purchased Shop-N-Save Food Centers