Carrefour Outlines Turnaround Plan

The new CEO of retail giant Carrefour, Lars Olofsson, has outlined his plans to transform the business. In a presentation to investors Olofsson stated that the firm would look to become 'the preferred retailer' for consumers in its core markets and would improve the efficiency of the organisation to generate higher margins. However, the plans for the firm's hypermarket business, which has been the thorn in the side of the company for several years, remain

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