Once a Retail Empire, Carrefour Struggles to Win Back Investors
Since then, Carrefour's fortunes have waned as the chain struggles to compete in its cut-throat home market and it retreats from overseas. Its business is worth a fraction of LVMH's, the current global flag-bearer for French business, and Chairman and Chief Executive Officer Alexandre Bompard is struggling to convince investors that he can propel it through a transformation.
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