MULTI-FORMAT APPROACH HELPS CARREFOUR GO GLOBAL

NEW YORK -- One year after announcing its $16.7 billion merger with Promodes (a deal that was completed in January), Carrefour is emerging as a multi-format retailer with a global focus, president Daniel Bernard told investors at the Goldman Sachs Global Retailing conference here.s, picked up supermarkets and discount stores as a result of its merger with Promodes. The combined company has experience

NEW YORK -- One year after announcing its $16.7 billion merger with Promodes (a deal that was completed in January), Carrefour is emerging as a multi-format retailer with a global focus, president Daniel Bernard told investors at the Goldman Sachs Global Retailing conference here.

s, picked up supermarkets and discount stores as a result of its merger with Promodes. The combined company has experience in 26 countries, with a dominant presence in Southern Europe. Bernard said he feels supermarkets can fill spaces between hypermarkets, particularly in France and Italy.

"Until recently we operated just one format but now we have what I consider to be the two most international formats," Bernard said. "We see them as complementary."