The French grocery retailer appointed a former electronics retailer executive after his predecessor stepped down for personal reasons.
The French retailer said operating profit fell 12.1 percent in the first half, dragged down by a weak performance in its home market.
The retailer said the French market was a “persistently challenging competitive environment.”
The retail giant’s French arm is joining forces with the start-up accelerator launched by Groupe Galeries Lafayette and Plug and Play last year to promote tech development in the retail space.
All was not plain sailing for the executive, however, as he was called out by a French television journalist on the company’s use of Uzbek cotton.