Hard discount

Carrefour doesn’t need a fight between its largest shareholder and their appointed chairman. But that’s the direction it seems to be taking. The Halley family, which owns 13% of the shares, has announced that the company’s chairman Luc Vandevelde is no longer its representative. But Vandevelde himself bought Carrefour shares earlier this month to the tune of E10m, so he clearly seems intent on staying. It is a bizarre situation. Vandevelde came in two years ago with a firm mandate from the Hall...