[REVISION HISTORY]

French retail restructuring and Carrefour volatility

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2026-10-22 06:37 UTC → 2026-10-25 07:23 UTC · added ~~removed~~

The French retail landscape continues to undergo significant restructuring involving Carrefour and its associated brands. In one development, Retail Holding, a group led by Zouhair Bennani, has lost five of the six French hypermarkets it acquired from Carrefour in 2023. The group’s sole remaining location is the Atacadão in Aulnay-sous-Bois. To stabilize this remaining site, the company reached an agreement with the CFDT and CGT unions, which includes a 1.7% gross base salary increase for various employee levels, retroactive to April 1. This increase is contingent upon employees remaining with the company through July 31, 2026. Separately, Carrefour has acquired 172 Supersol grocery stores for 78 million euros. This acquisition has prompted mobilization by labor unions and employee representatives concerned about job security and the stability of essential services in urban and rural regions, including Pau and Meaux. Further complicating the sector, Casino Guichard-Perrachon is undergoing major changes following debt-related banking crises, resulting in the closure or acquisition of various Casino and Aise hypermarkets. As part of its ‘Carrefour 2030’ strategic plan, Carrefour has ~~made a binding offer of €152 million~~ entered exclusive negotiations to acquire Codifrance, the French wholesale business of the Belgian Colruyt Group, ~~with completion expected~~ for €152 million. To unlock liquidity, the retailer also agreed to a sale and leaseback of 35 commercial properties in ~~early 2027. While Carrefour reported~~ France and Spain for approximately 290 million euros via a joint venture with Atrato and GIC. Despite third-quarter sales of €22.69 ~~billion—a 2.3% increase driven by growth in Spain and Brazil—the group~~ billion, Carrefour has ~~significantly~~ issued profit warnings and lowered its 2026 financial forecasts. CEO Alexandre Bompard cited an “unprecedented situation in France,” ~~where~~ noting that consumer spending ~~has been~~ is weakened by rising energy ~~costs~~ costs, social threats, and uncertainty regarding store opening conditions. ~~Following these adjustments,~~ Consequently, Carrefour shares have experienced ~~a decline of 13.8 percent. While Spanish operations remain resilient with~~ significant volatility, including a ~~2.1 percent increase in comparable sales, analysts warn of persistent risks through fiscal year 2027 due to fragile consumer confidence.~~ 14% plunge following recent warnings.

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