Why carrefour Is Trending Today?

NewPrinces acquires Carrefour's Italian stores for €1 billion, plans further M&A and London IPO.

NewPrinces acquires Carrefour Italia for 1 billion euros, including 1,000 stores, and plans to rebrand them as GS. The acquisition led to a temporary stock drop and suspension in trading for NewPrinces.

Carrefour's CEO, Alexandre Bompard, has expressed concerns about the EU's proposed tax on small parcels from Asia, stating it's "a joke" and advocating for a higher tax rate akin to Trump's policies. He also criticized the French government's public spending and called for measures to ease the burden on consumers amidst inflation and economic pressures. Meanwhile, Carrefour Romania launched its first bio cooperative, Grădina Noastră, supporting local farmers and promoting sustainable agriculture.

Carrefour Romania launches its first bio cooperative, 'Grădina Noastră', in partnership with former footballer Ciprian Tătărușanu and Alin Dobre, producing organic vegetables and wine on 10 hectares in Dâmbovița county. Meanwhile, Carrefour assumes control of fintech Ewally and opens a new Carrefour-Prix Import store in Ntoum, Gabon, with the President reaffirming commitment to local economic development. Carrefour's Supeco stores report their first year of profit after a decade of losses, with plans to expand further.