Assignment on Carrefour Company

Assignment on Assignment on Carrefour Carrefour company company

GUIDED BY:-GUIDED BY:-PROF.MALAY PROF.MALAY GHOSHGHOSH

SUBMITTED BY:-SUBMITTED BY:-JYOTI PAWARJYOTI PAWARGARIMA KHAREGARIMA KHARE

contentscontentsIntroduction of sectorsIntroduction of sectorsIntroduction of companyIntroduction of companyFinancials of companyFinancials of companyPast performance of companyPast performance of companyFuture plans of companyFuture plans of companyFuture of the sector Future of the sector

Introduction of sectors of theIntroduction of sectors of the company company

Introduction of the companyIntroduction of the companyCarrefour means "Carrefour means "crossroadscrossroads" in French." in French.Carrefour is a French largest international hypermarket chain.Carrefour is a French largest international hypermarket chain.Its headquartered is Its headquartered is Levallois perretLevallois perret in French. in French. History of establishment:-History of establishment:-1959: Marcel Fournier and Louis Defforey establish Carrefour. 1959: Marcel Fournier and Louis Defforey establish Carrefour. 1960: The first Carrefour store opens and is an immediate success.1960: The first Carrefour store opens and is an immediate success.1963: Carrefour establishes its first hyper mart.1963: Carrefour establishes its first hyper mart.1970: The company goes public.1970: The company goes public.1985: Fournier dies; by now the company has expanded to ten countries.1985: Fournier dies; by now the company has expanded to ten countries. 1991: Euromarkets is acquired.1991: Euromarkets is acquired.1998: The company purchases Comptoirs Modern's SA.1998: The company purchases Comptoirs Modern's SA.2000: Carrefour merges with Prom odes SA to become Europe's largest 2000: Carrefour merges with Prom odes SA to become Europe's largest retailer retailer

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Carrefour emerged in 1959 as a collaboration between two entrepreneurs, Marcel Fournier and Louis Defforey, in Annecy, a city in eastern France.It is the largest hypermarket chain in the world in the terms of size, and the 2nd largest retail group in the world in terms of revenue.And not but the least that the Carrefour is the 3rd largest in profit after Wal-Mart and tesco. Carrefour operates mainly Europe, Argentina, Brazil, China, Colombia , and in the Dominican republic but also shop in North Africa and other part of Asia.So Carrefour is Regiocentric.

Financials of the companyFinancials of the company

FINANCIAL INCOME (EXPENSE):-Financial expense amounted to 657 million euros, up 8.4% as compared with 2009. As in 2009, this represented 0.7% of sales.NET SALES:- were equal to 76,887 million euros in 2006, 82,148 million euros in 2007, 86,967 million euros in 2008, 85,366 million euros in 2009 and 90,099 million euros in 2010. 2009 accounts are adjusted as per IFRS 5, Thailand has been retroactively deconsolidated, and restated as per Brazil..NET INCOME FROM RECURRING OPERATIONS – GROUP SHARE:-NET INCOME FROM RECURRING OPERATIONS – GROUP SHARE:-This This line amounted to 382 million euros, up 11.3% compared with 2009, when line amounted to 382 million euros, up 11.3% compared with 2009, when it stood at 343 million euros.it stood at 343 million euros.NET DEBT:-NET DEBT:-The Group’s net debt rose from 6,600 million euros at the end The Group’s net debt rose from 6,600 million euros at the end of 2009 to 7,998 million euros at the end of 2010, notably as a result of of 2009 to 7,998 million euros at the end of 2010, notably as a result of buybacks of treasury stock totaling 943 million euros in 2010buybacks of treasury stock totaling 943 million euros in 2010

Past performance of the companyPast performance of the companyThe Carrefour Foundation:-The Carrefour Foundation:-The Carrefour group has always been The Carrefour group has always been heavily involved in promoting social solidarity. The Carrefour Foundation heavily involved in promoting social solidarity. The Carrefour Foundation concentrates its action around three missions, linked to the Group’s areas concentrates its action around three missions, linked to the Group’s areas of expertise: Food Programmer, Professional Integration and Solidarity.of expertise: Food Programmer, Professional Integration and Solidarity.A better quality of life for all.A better quality of life for all.Food programmerFood programmerProfessional Integration.Professional Integration.SolidaritySolidarityA dedicated organization involving all group activitiesA dedicated organization involving all group activitiesThe Carrefour group: a world leader in distributionThe Carrefour group: a world leader in distributionThe Carrefour group has one simple ambition:The Carrefour group has one simple ambition:making Carrefour the preferred retailer wherever it operatesmaking Carrefour the preferred retailer wherever it operates

Future plans of the companyFuture plans of the company Promoting globally responsible retailingPromoting globally responsible retailingSustainability at the heart of the group strategySustainability at the heart of the group strategyOngoing dialogue with stockholdersOngoing dialogue with stockholdersListening, discussing, sharingListening, discussing, sharingDay-to-day upstream and downstream cooperationDay-to-day upstream and downstream cooperationManaging the approach day-to-dayManaging the approach day-to-day A culture embodied by our employeesA culture embodied by our employeesA dedicated organization involving all group activitiesA dedicated organization involving all group activities

Future of the sectorFuture of the sectorKey Trends Key Trends 

The existing players like Big Bazaar, Shoppers' Stop, are expanding to The existing players like Big Bazaar, Shoppers' Stop, are expanding to smaller towns and cities. Many other business are planning to enter the smaller towns and cities. Many other business are planning to enter the retail sector either own or through partnerships. New entrants like Reliance retail sector either own or through partnerships. New entrants like Reliance Retail Ltd and Wal-Mart are going to enter the market soon. Even rural Retail Ltd and Wal-Mart are going to enter the market soon. Even rural areas will provide a huge opportunity to be explored.areas will provide a huge opportunity to be explored.  Estimates and PredictionsEstimates and PredictionsIndian consumerism:-ex.Indian consumerism:-ex.MUMBAI/NEW DELHI: MUMBAI/NEW DELHI: Carrefour, Europe's biggest retail chain, has Carrefour, Europe's biggest retail chain, has agreed with Kishore Biyani of Pantaloon Retail to set up franchisee stores agreed with Kishore Biyani of Pantaloon Retail to set up franchisee stores in India after six years of wandering in the world's second-fastest growing in India after six years of wandering in the world's second-fastest growing nation for partnerships, including with Mukesh Ambani's Reliance Retail nation for partnerships, including with Mukesh Ambani's Reliance Retail and real estate group and real estate group DLF.