Deals
Carrefour CEO Plassat Turns Dealmaker to Revive Ailing Retailer
This article is for subscribers only.
Georges Plassat’s appointment as Carrefour SA Chief Executive Officer was welcomed by analysts and investors because of his retailing experience. Six months into the job, he’s proving a savvy dealmaker as well.
Plassat this week sold Carrefour’s Malaysian unit to Aeon Co. for 250 million euros ($324 million). That followed his announcements to exit Singapore by the end of the year and pay 220 million euros to exit Greece. The CEO’s biggest win was his agreement last month to sell Carrefour’s Colombian stores to Cencosud SA for 2 billion euros.