European retailer Carrefour, has picked retail veteran Georges Plassat as its next boss, writes Reuters. Plassat, the 62-year-old head of private equity-backed retailer Vivarte, replaces Lars Olofsson, who had faced mounting criticism over a series of profit warnings that hammered the French group’s shares down 43 percent over the past year, writes Reuters. Reuters – [...]

Britain’s Tesco and Singapore’s Dairy Farm have put in second-round bids for the Southeast Asian assets of French retailer Carrefour, Reuters reported. The supermarket operator is selling its businesses in Malaysia, Singapore and Thailand. Reuters previously reported that private equity fund Navis Capital and Japanese retailer Aeon would bid for some of the assets.

(Reuters) -A consortium led by a Malaysia-based private equity firm has joined a slate of bidders including French retailer Casino (CASP.PA: Quote, Profile, Research, Stock Buzz) and Britain’s Tesco (TSCO.L: Quote, Profile, Research, Stock Buzz), in bidding for some of Carrefour’s (CARR.PA: Quote, Profile, Research, Stock Buzz) Southeast Asian assets, sources said. Malaysia’s Navis Capital [...]

(Reuters) – Carrefour (CARR.PA) has launched the sale of its units in Malaysia, Singapore and Thailand, sources with direct knowledge of the matter told Reuters on Monday, in a deal that could raise around $1 billion for the French retailer. Carrefour is working with investment banks Goldman Sachs (GS.N) and UBS (UBSN.VX) on the auction, [...]

BRUSSEL (Reuters) – Belgian supermarket group Delhaize (DELB.BR) faces competition from investment group CVC Capital Partners in a battle to acquire some Carrefour (CARR.PA) stores in Belgium, newspaper De Standaard reported on Friday. Both parties are working intensively on the matter, the paper said. “At least one player has already made a bid,” De Standaard [...]

LONDON (Reuters) – France’s Carrefour SA (CARR.PA: Quote, Profile, Research, Stock Buzz), the world’s second-largest retailer, is set to replace chief executive Jose Luis Duran with Nestle SA (NESN.VX: Quote, Profile, Research, Stock Buzz) executive Lars Olofsson, The Financial Times newspaper reported on Tuesday. The FT said the announcement would be made this week, possibly [...]