PARIS: Europe's largest retailer Carrefour said on Thursday it was 'highly confident' it could accelerate its turnaround even without a merger with we...
Europe's largest retailer Carrefour said on Thursday it was"highly confident" it could accelerate its turnaround even without a merger with wealthy Canadian suitor Alimentation Couche-Tard.
Commenting on the failed Couche-Tard deal, chief executive Alexandre Bompard said:"This episode is a positive sign that Carrefour has become attractive once again. My responsibility was to explore this offer but it was cut short by the government." In a further sign of its confidence, Carrefour said it would reward investors with a full cash dividend payment instead of a payment in shares. It increased its 2020 dividend by 4.3% to 0.48 euros per share.
All store formats in France, including hypermarkets, saw sales rise and Carrefour said French hypermarkets would continue to improve.