News about Carrefour: events, facts and developments on tafs uz.
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French retail giant Carrefour said riots across the country will hit profits: around 50 stores were looted, with expected operating profit losses of €80–200 million. The company's shares fell more than 13%, and the earnings-per-share growth forecast was cut.
Javlon TursunovThe number of stores damaged during the riots in France has reached 3,000 — twice the estimate given a day earlier. Insurers are not providing loss estimates; markets are falling, government bond yields are rising. The benchmark is the 2023 riots with €793 million in insured losses, while the new riot insurance scheme has not yet come into force.
Otabek YusupovAfter Saturday's mass protests and riots in France, European indices opened in negative territory, with Carrefour shares falling more than 2%. Around 1,500 stores were attacked, with damage estimated in the hundreds of millions of euros. French government bond yields held near 4.86%, and Moody's will review the country's rating on Friday.
Dilnoza RahimovaProtests against the rising cost of living in France on October 17 escalated into mass looting and vandalism in Paris, Lyon, Marseille and other cities. Carrefour reports 50 stores of its chain looted and damage exceeding €10 million; in total, according to the company's chief, around 1,500 stores of other chains were affected. The Interior Ministry reports more than 600 injured police officers and gendarmes and over 2,000 arrests.
Otabek Yusupov
