Carrefour Cuts Annual Profit Margin Targets as Riots Hit France
CEO says riots and looting have created an “unprecedented situation” in France, with curfews and higher security costs affecting the business.
By Helen Reid and Dominique VidalonCarrefour is facing an "unprecedented situation" in France due to riots and looting, the supermarket chain's CEO said on Tuesday, forcing the company to cut its annual profit margin targets as curfews and higher security costs hit its business.Carrefour EURONEXT:C…