Carrefour : France franchise, economy ministry gets involved... low operational risk, but noise on the issue shows no signs of abating. TP adjusted to € 16.0 vs € 17.5
>France’s ministry of the economy takes a close look at franchise disputes in France and calls for € 200m fine against Carrefour - Press reports have made public the fact that the French ministry of the economy has sent a document (a 160-page report) to Carrefour and the Commercial Court asking Carrefour to review a large number of its clauses in convenience store franchise agreements and is demanding a fine of € 200m because of a lack of balance between Carrefour and...Carrefour is a distribution group based in France. Co. is engaged in retailing business, primarily in Europe (France, Belgium, Spain, Italy, Poland, and Romania); Asia (China, India, and Taiwan); and Latin America (Argentina and Brazil). Co. offers a variety of fresh produce, products from local suppliers and major-brand products. Co. operates Hypermarkets, Supermarkets, Convenience stores and Cash & Carry stores, as well as food and non-food e-commerce sites. Co. also offers services such as financial and insurance services, travel, entertainment, after-sales services, and leasing of commercial vehicles. As of Dec 31 2013 Co. operated 10,105 stores under its brand.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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