date:Jun 09, 2014
f lasting price cuts. It was followed by Casino in late 2012.
Auchan has now joined the fray, cutting prices in March by up to 5% and making clear its determination to continue.
The price war is continuing. We will not be the first ones to end it, an bullish Phillipe Courbois, head of client relations for Auchan France told Reuters by phone.
Current 2014 earnings forecasts put Carrefour shares at a price premium of 20% to European peers, following its recent indication of recovery. Some analy