01
-7%
$10,264 $m
Carrefour
The future is looking brighter for Carrefour since the arrival of its new CEO. Georges Plassat joined the group in 2012 taking on a recovery strategy to clarify the values and promising to redefine Carrefour’s image. Following the implementation of the new policy, the group announced encouraging results for the third quarter of 2012, with sales up 2 percent to 22.62 billion euros (USD $30 billion), slightly above analysts’ expectations. In France, which comprises 40 percent of Carrefour’s sales, the same-store sales excluding petrol were still down 1.5 percent, but an improvement over the 3.3 percent decline in the second quarter. The next few years will be a test of Mr. Plassat’s new strategy.