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Carrefour Shows Why Government Meddling May Be New Post-Covid Normal

French retail giant Carrefour supermarket in Saint-Herblain, outside Nantes. Getty Images Who remembers today that back in 2017, Bruno Le Maire ran for the presidential nomination in his conservative party’s primary on a 1,000-page platform advocating sweeping free-market reforms and the end of state meddling in the economy? Three years on, Le Maire, now the French economy and finance minister and one of the most prominent members of President Emmanuel Macron’s government, is pr...
Poitou Charentes France General Saint Herblain Pays De La Loire Bruno Le Maire Alexandre Bompard

U.S. Stock Futures Edge Higher Ahead of Inflation Data

Updated Jan. 13, 2021 4:47 pm ET U.S. stocks wobbled Wednesday, swinging between small gains and losses for most of the session, as investors monitored the impeachment proceedings against President Trump in Washington. House lawmakers voted shortly after the stock market closed to impeach the president for inciting last week’s Capitol riot, just days before he is due to leave office. While the political rancor has weighed on market sentiment in recent days, most money managers are loo...
United States Altaf Kassam President Trump Dow Jones Industrial Average State Street Global Advisors Stock Market Today
Source: wsj.com

France's Carrefour and Canada's Couche-Tard Are in Takeover Talks. Why Grocers Need to Consolidate.

The entrance of a Carrefour supermarket in Rosny-sous-Bois on Nov. 3, 2020. Getty Images Shares in Carrefour, France’s biggest supermarket group, rose as much as 11% on Wednesday, after Canada’s Alimentation Couche-Tard said it was in early-stage takeover talks. The two firms are worth more than a combined $50 billion, and a deal would give the Montreal-based Circle K owner, which mainly sells groceries through its convenience store formats, access to Carrefour’s larg...
Poitou Charentes United States Circle K Getty Images Alimentation Couche Tard Shore Capital

Real Estate's Latest Trophy Assets Are in Short Supply

Jan. 7, 2021 5:17 am ET Unlikely as it may sound, grocery stores are becoming dream properties—coveted but hard to prise away from their owners. Changes to accounting rules are just one reason why it has become less appealing for supermarkets to sell their real estate. In Europe, food shops have been among the few retailers allowed to trade throughout the pandemic and business has been strong. U.K. grocer J Sainsbury reported Thursday that over the nine weeks to Jan. 2, sales incre...
United Kingdom U Realty Income J Sainsbury Supermarket Income Realty Income Retail Wholesale
Source: wsj.com

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