date:Oct 23, 2013
A source close to the matter said on Tuesday, Carrefour intends to drop a plan to open a luxury food shop on the chic Place de la Madeleine in Paris.
Separately, Hediard, the French chain of luxury food shops whose flagship Paris store sits on the same square, filed on Monday for insolvency, a source familiar with the process said. He declined to be identified because of legal restrictions.
Carrefour's luxury plan, the brainchild of former head Lars Olofsson and announced in 2011, contrasts wi