France

Carrefour Shares Fall As Retailer’s 2025 Outlook Disappoints

Carrefour shares fell sharply on Thursday after it said it expects only “slight” growth in free cash flow and EBIT in 2025.

Pernod Ricard is exploring a sale of its champagne brand G.H. Mumm, according to five sources close to the matter.

Remy Cointreau told investors to lower their annual sales expectations for the third time in four months on Wednesday.

Remy Cointreau braced investors on Thursday for a bigger than expected fall in annual sales, citing weakness in its key US market.

French cognac maker Hennessy has suspended a plan to bottle its brandy in China to avoid tariffs, staff briefed by management have said.

Corrib Oil has announced that it is to become global quick-service restaurant brand Wendy’s first franchise partner in Ireland.

AB Foods reported a 32% rise in full-year profit, driven by robust performances from its Primark clothing business and grocery division.

AB InBev reported third-quarter profits, revenues and volumes behind forecasts on Thursday, sending its shares down almost 4%.

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