Carrefour is accelerating the clean-up in its international portfolio: its Polish operations are for sale, while explorations are ongoing for Argentina. CEO Alexandre Bompard wants to focus on three core markets: France, Spain and Brazil.
Strategic redesign
Carrefour internationalized rapidly in the late 1990s, but is now reversing that move. Profitability in “other European countries” (Spain, Italy, Belgium and Romania) is faltering: current operating income (ROC) shrank 34% in 2024. Bompard previously announced an unequivocal clean-up and sold its operations in Italy, even at a loss. Carrefour reportedly had to pour in 240 million euros.
