date:Dec 25, 2013
e in South America's top economy by naming 56-year old Charles Desmartis to head the holding company controlling all of Carrefour's Brazilian operations.
Desmartis' mission is to renovate an ageing store network and take on competitors Grupo Pao de Acucar (GPA), owned by France's Casino and Wal-Mart .
But after a big drive to cut Carrefour's debt, Plassat is anxious that any extra investment does not drive borrowings back higher, leading to speculation of a partial listing in Brazil.
They mus