Streetbeat News

CRERF

Carrefour

http://www.carrefour.com/

CEO

Alexandre Bompard

Industry

Offices of Other Holding Companies

Open

17.45

Mkt cap

11B

Volume

600

High

17.45

P/E Ratio

12.68

52-wk high

18.82

Low

15.85

Div yield

0.06

52-wk low

14.19

Netflix, Inc. (NASDAQ:NFLX) is testing a new subscription model in collaboration with French retailer Carrefour S.A. (OTC:CRERF), offering a discounted Netflix subscription with benefits at Carrefour stores in Bordeaux and Rouen. The strategy, similar to Amazon.com's (NASDAQ:AMZN) approach with Amazon Prime Video, aims to increase Netflix's customer base for its ad-supported plan. Netflix India has also reported a revenue increase of 24% and a net profit rise of 75% in FY23. NFLX shares dropped by 0.74% to $488.53 recently.

Portfolio Pulse from Nabaparna Bhattacharya

January 16, 2024 | 3:40 pm

Sanofi SA (NASDAQ:SNY) is sponsoring the 2024 Olympic Games in Paris to transform its image and attract a younger workforce. The company is joining other French companies like LVMH and Carrefour in this endeavor. Sanofi's commitment includes backing athletes and involving over 8,000 employees in the Games. The financial investment is speculated to be a significant sum, though exact figures are not disclosed. The impact on investor sentiment is uncertain given Sanofi's recent financial challenges and business model changes. SNY shares closed at $51.76 on Tuesday.

Portfolio Pulse from Vandana Singh

January 10, 2024 | 11:36 am

Arm Holdings is preparing for an IPO that could value the company at $54 billion. Goldman Sachs has dismissed multiple employees due to violations of its communications guidelines. Google is reducing its global recruiting department due to a hiring slowdown. Starbucks founder and former CEO Howard Schultz is leaving the company's board. Marvel Studios' VFX workers have voted for unionization. Singapore may impose new rules on ride-hailing companies like Grab Holdings. Kroger's Home Chef division is in a logo dispute with Grubhub. Carrefour is issuing price alerts on products from suppliers like Nestle, PepsiCo, and Unilever. CrownRock is preparing for a potential sale that could value the company at over $10 billion. Delta Air Lines and United Airlines are facing an antitrust lawsuit. Ron Baron holds over $1 billion in shares in SpaceX. Microsoft is facing a formal EU complaint over its Teams app. Electronic Arts' Stig Asmussen is leaving the company. OpenAI is opening a new office in Dublin. Caesars Entertainment has suffered a cybersecurity breach.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 1:56 pm

French supermarket Carrefour has issued price alerts on several products from suppliers such as Nestle, PepsiCo, and Unilever, in a bid to combat inflation. The move comes ahead of contract negotiations and aims to pressure these companies into reducing their prices. Carrefour has labelled 26 products in its French stores, indicating that their volume or weight has decreased while their prices have increased. The French Finance Minister supports this initiative and has urged major retailers and consumer groups to lower prices.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 11:34 am

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