Carrefour is a French multinational retailer established in Boulogne Billancourt, France, in the Hauts-de-Seine branch near Paris. it’s miles one among the most important hypermarket chains in the world (with near 1,six hundred hypermarkets on the quit of 2015). Carrefour operates in more than 30 countries, in Europe, the Americas, Asia and Africa. Carrefour method “crossroads” and “public rectangular” in French. The company is a component of the Euro Stoxx 50 stock marketplace index.
the first Carrefour keep (now not a hypermarket) opened on in 1960, inside suburban Annecy near a crossroads. (In French, carrefour means crossroads). The organization was created in 1958 by means of Marcel Fournier, Denis Defforey and Jacques Defforey, who attended and had been inspired by means of several seminars inside the usa led via “the Pope of retail” Bernardo Trujillo (fr).
The Carrefour group changed into the first in Europe to open a hypermarket, a large grocery store and a department store under the equal roof. They opened their first hypermarket on 15 June 1963 in Sainte-Geneviève-des-Bois, close to Paris in France.
In April 1976, Carrefour released a personal label Produits libres (loose products – libre that means free within the sense of liberty rather than gratis) line of fifty foodstuffs, such as oil, biscuits (crackers and cookies), milk, and pasta, offered in unbranded white applications at substantially decrease charges.
In 1999 it merged with Promodès, referred to as Continent, certainly one of its major competition within the French market.
In September 2009, Carrefour up to date its emblem.
In may additionally 2011, Carrefour reviewed its state of affairs beneath situations of stagnant growth and increasing opposition in France from rivals consisting of casino Guichard-Perrachon SA, and deliberate to make investments €1.5 billion ($2.1 billion) to alternate the grocery store with the new concept of Carrefour Planet in Western Europe.
In April 2015, Brazilian businessman Abílio Diniz discovered he became in talks to elevate his 5.07 percentage stake in Carrefour and has the guide of shareholders to take a board seat.
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