PARIS Rallye , the debt-laden parent of French supermarket chain Casino , bought more time on Monday ahead of a key bond refinancing deadline as five banks granted it a new 500 million euro (444.50 million pounds) credit line.
PARIS Carrefour picked its digital chief Marie Cheval to replace Alain Rabec as head of its French hypermarket stores, highlighting the growing importance of its digital and online businesses in its broader strategy to revive its fortunes.
PARIS French supermarket and retail chain Leclerc, will start selling electricity to French households this week, offering a discount of at least 10 percent to regulated prices as it aims to recruit three million clients by 2025.
* Shares down 4 pct, new targets disappoint investors
(Adds stock reaction, analysts comments)
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PARIS Carrefour , Europe's largest retailer, said on Monday that the head of yoghurt maker Danone will sit on a food advisory committee the supermarket group is setting up as it seeks to boost sales of organic products.
PARIS Credit rating agency Standard & Poor's pushed Casino's debt deeper into junk territory on Monday, derailing the French retailer's efforts to reassure investors over the sustainability of its finances ahead of a repayment deadline.
PARIS Shares in French retailer Casino sank as much as 15 percent on Friday amid fresh concerns over its debt burden.
PARIS French retailer Auchan said on Friday that costs from its three-year restructuring plan to boost sales and profits weighed on its first-half results, driving core profit down by more than a fifth.
PARIS The head of Bouygues said on Thursday he was keeping an open mind about potential tie-ups in the French telecom sector but cautioned no deal was likely before early 2019.