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Carrefour Renews Bompard’s Tenure and Agrees Symbolic Sale of Italian Arm

After posting €210 million in H1 profit, down 33%, Carrefour is selling its Italian arm at a symbolic price to focus on core markets

Overview

  • The board of directors unanimously extended Alexandre Bompard’s mandate beyond 2026, endorsing his ongoing transformation strategy
  • Carrefour agreed to transfer its 1,200-store Italy business to NewPrinces Group at a symbolic price following a portfolio review
  • The Italy exit will result in a net cash impact of €240 million, including Carrefour’s financial support for the takeover
  • First-half revenue climbed 3.7% to €46.56 billion, driven by activity recovery and volume growth in France and Europe
  • Carrefour plans to reinvest in its key markets—France, Spain and Brazil—to shore up profitability after divesting underperforming assets