Carrefour cashes in overseas to invest at home

03/5/2013 | Bloomberg Businessweek

France-based Carrefour has added about $6.5 billion to its market value since Georges Plassat took over as CEO last May and began selling off operations in Colombia, Malaysia, Indonesia, Singapore and Greece and focusing on improving sales at home. "The more resources that can be freed up to fix France, the better," said Kantar Retail analyst Bryan Roberts.

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