By  on June 14, 2019

PARIS — The grocery retail sector is due for consolidation as it changes to adapt to changing consumption habits, Carrefour chief executive officer Alexandre Bompard told shareholders at the company’s annual meeting Friday.

“There will be transactions, difficulties, consolidation in the five to 10 years to come,” said Bompard, citing weak growth, a crowded sector, along with the looming threat of global, digital players like Amazon.

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