PARIS: Carrefour SA will cut 2,400 positions at its French headquarters and invest 2.8 billion euros (US$3.4bil) in online over five years as chief executive officer Alexandre Bompard tries to revive the stagnant retailer.
The company will also sell 273 former Dia stores and reduce the size of its sprawling French hypermarkets, the Boulogne-Billancourt, France-based Carrefour said in a statement. Other initiatives include boosting its struggling Chinese unit via partnerships with the tech giant Tencent and grocer Yanghui.
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