Carrefour Group

History

The Carrefour company was created in 1959. In 1963, Carrefour invented a new store concept: The Hypermarket. The company has opened hypermarkets in different countries throughout its history. Today, it is the largest retail group in Europe and second largest in the world.
The mission of Carrefour is "to satisfy each and every customer expectation with professionalism and to offer the best possible prices for high-quality products and services." Carrefour gives importance to responsible commerce and campaigns for social awareness.

Area of Operation
The businesses of Carrefour are all types of retail distribution, primarily food retailing:

• Hypermarkets
• Supermarkets
• Hard Discounters
• Convenience Stores
• Cash-and-carry
• Electronic Commerce

Key Statistics

• Carrefour holds assets of $51.43 billion.
• Carrefour made profits of $1.88 billion in 2006.
• Carrefour operates in 29 countries and regions.
• Carrefour has 440,479 employees.

Organization

The organizational structure includes:

• Board of Management
• Group Management Committee
• Operational Departments
• Functional Departments

International Ranking

• Carrefour ranks 119th in the world according to Forbes Magazine.
• Carrefour ranks 25th in the Fortune Global 500 list.

Recent Acquisitions

• In 2006, Carrefour Spain acquired 4 hypermarkets and 2 gas stations from Caprabo.
• In September, 2005, Carrefour acquired 6 hypermarkets and 2 other projects from Tesco in Taiwan.
• In June, 2005, there was an acquisition of 10 hypermarkets from the Sonae Group in Sao Paolo, Brazil.
• May, 2005 saw the acquisition of 2 Turkish retail banners: Gima (81 supermarkets), and Endi (45 hard discount stores) in Turkey.
• Carrefour acquired 160 stores (primarily convenience stores) in the Apulia region in Italy through a partnership with Aligros in April, 2005.
• 12 Hypernova hypermarkets from Ahold in Poland were acquired by by Carrefour in February, 2005.

Headquarters Address:

6 Avenue Raymond Poincaré
75769 Paris Cedex 16
France
Phone: 33-1-5370-1900
Website URL : www.carrefour.com