Carrefour CEO says effectively positioned to cope with sustained inflation By Reuters

DUBLIN (Reuters) – Carrefour (EPA:)’s chief govt mentioned world inflation is right here to remain and that the grocery store chain is effectively positioned to handle it as a result of its combine of companies and expertise in coping with speedy inflation in South America.

“We’ve got robust self-discipline in fact, it is crucial on this second and we’re very skilled with inflation due to our presence in Latin America, in Brazil and in Argentina,” Alexandre Bompard mentioned.

“Once we communicate with our CEO of Argentina, we are saying it’s extremely critical as a result of now we have 5% inflation in Europe. He says okay, I’ve 75% or 80% every week. So we’re able to managing that,” Bompard informed the Shopper Items Discussion board’s World Summit convention.