Carrefour Faces Headwinds Despite Shareholder Change

2 months ago

Louise Moon

"Now, turning to Carrefour in France, shares are ticking slightly higher at 1.9% this morning following a change in one of their shareholders. The Sadday family, a French billionaire family, has become the new second largest shareholder, joining the board after replacing a longtime investment partner. However, this comes against a backdrop of struggling growth with weak third quarter sales, high competition, and price cuts in the market, which have seen shares fall about 10% over the past year."

This segment discusses Carrefour's recent minor share price gain driven by a change in major shareholder composition. Despite this potential catalyst, the firm continues to face significant headwinds including weak sales and competitive pressures, suggesting caution for investors.

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