Fucking weapons in Carrefour, two days before its general assembly. The group brings together its shareholders on Wednesday for a general meeting that promises to be animated, between legal conflicts over its franchisees, market surveillance and competitive pressure, a whole year before the end of the CEO’s mandate, Alexandre Bompard.
Unlike the previous two editions, it is at the headquarters of the Group in Massy, in the Paris region, not at the docks d’Aubervilliers that this annual meeting of shareholders will be held.
And this General Assembly could be as agitated as last year, when the trade unionists the CGT came to disturb Alexandre’s speech bompany with slogans, songs and invective.
Justice assignments
Because the distribution giant remains strongly criticized, by the CFDT in particular, to trust more and more in the operation of franchise stores and rental management, a variant in which the distributor remains the owner of the business.
The union has assigned the group to the Court, believing that it is a social plan disguised as more than 27,000 employees since 2018.
To the Honda of the CFDT it is added that by the franchisees, gathered under the auspices of the Carrefour franchisee association (AFC), which claims 260 stores. With the support of the Ministry of Economy, Carrefour also assigned in Justice.
Carrefour defends himself by explaining that this allows him to maintain or develop his market share (it is number 2 in France, behind E. Reclercler, without supporting certain costs, starting with wages and rentals.
The brand also believes that the passage of management management stores avoids closing them.
A remuneration that is discussed
The only group was in the main competitors, Carrefour faces strong competitive pressure, in a sector where the price war is unleashed.
This is felt in its stock market value, around 10 billion euros, which makes the group a possible objective.
The letter revealed as such Friday that the Dutch giant Ahold Delhaize had begun discussions at the end of 2024 to buy Carrefour, before launching the Eponge in January.
In this context and with the approach of the General Assembly, a small French fund that claims to be an activist, WhiteLight capital, denounces the strategic options of Alexandre Bompard, is parallel to the remuneration of the CEO and the decrease in the value of the actions since its arrival at the head of the group.
Subject to the controversy in recent years, the remuneration of the CEO, again in the menu on Wednesday, will be compared to last year.
If Carrefour shareholders give him green light, the manager will receive 3.4 million euros by 2024, or 1 million euros less than the previous year. To this will be added later, under the performance criteria, shares valued in most of the 5.6 million euros.
Alexandre Bompard’s remuneration for 2025 provides the same fixed participation as last year (1.6 million euros), and a variable part, again under performance criteria, established at 3.04 million euros.
Alexandre Bompard again candidate?
The company’s head arrived in 2017, the CEO could also be interrogated on Wednesday about its intention or not presenting for a new mandate, while the current one extends until 2026, after extending in 2023 to align in the calendar of the distributor’s strategic plan.
The last year of this plan, focused on the development of a discount offer, must be dedicated in particular to a strategic review of the group’s assets to focus on the most promising activities and countries, as well as the objective of reaching 40% of the products of the Distributors brand in Las Ventas de Carrefour.
Last issue that could explode in the Assembly on Wednesday: the presence of Carrefour through a franchisee in Israel, in the context of the war with Hamas and the humanitarian crisis that the latter triggered in the Gaza Strip.
The CEO of Carrefour had already been interrogated by a shareholder in 2024. Alexandre Bompard then said that his group had “no store in territories occupied under the Carrefour brand.”
Source: BFM TV
