EUROPE PRIME TARGET FOR PROMODES

PARIS -- While other retailers and distribution companies here are looking outside Europe for growth, Promodes is making Europe its priority. "We are focused on Europe," said Paul-Louis Halley, Promodes chairman, at the company's annual meeting here earlier this month.Promodes, the Mondeville, France-based operator of Continent and Continente hypermarkets, Champion supermarkets and other stores, is

PARIS -- While other retailers and distribution companies here are looking outside Europe for growth, Promodes is making Europe its priority. "We are focused on Europe," said Paul-Louis Halley, Promodes chairman, at the company's annual meeting here earlier this month.

Promodes, the Mondeville, France-based operator of Continent and Continente hypermarkets, Champion supermarkets and other stores, is keeping its concentration on Europe despite a 9% sales drop last year in Germany, wher

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