(Bloomberg) -- German rapid delivery startup Flink SE has agreed on a deal to buy French competitor Cajoo, a move that would give it access to French grocery chain Carrefour SA and strengthen its position in the competitive market.Most Read from BloombergOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightTarget and Walmart’s Deep Pain Could Be Your GainWalmart Flashes a Warning Sign to the Entire Consumer EconomyChina in Talks With Russia to Buy Oil for Strateg
PARIS (Reuters) -Shares in Carrefour fell nearly 4% on Thursday after Europe's largest food retailer reported first-quarter sales that showed a lacklustre performance in its core French market, overshadowing more robust growth in Brazil. Chairman and CEO Alexandre Bompard, who was reappointed in May 2021 for another three years, is working on a new strategic plan and an asset review.
PARIS (Reuters) -France's Carrefour said on Wednesday it looked to 2022 with confidence after its sales growth accelerated in the first quarter, driven mostly by Brazil, its second-largest market. In an inflationary environment made worse by the Ukraine crisis, Carrefour would protect the purchasing power of customers and at the same time reinforce its economic model, its finance chief Matthieu Malige told analysts. To do so, the French retailer said it would rely on its Carrefour branded products, promotional activities and loyalty programmes while also stepping up cost savings.