Philippe Houzé knows a dinosaur when he sees one.
Casino Guichard-Perrachon SA said it isn’t interested in selling its 50 percent holding in the Monoprix supermarket chain and is ready to acquire full control from partner Galeries Lafayette SA.
Galeries Lafayette SA, a French department-store operator, said sales rose about 3 percent in December compared with the same month in 2010 amid concerns that the country is entering a recession.
Carrefour SA fell in Paris trading, snapping a five-day winning streak, after the family owners of department store chain Galeries Lafayette acquired a 6.1 percent stake in France’s biggest retailer.
U.K. department-store chain House of Fraser ended talks to be acquired by French retailer Galeries Lafayette, two people familiar with the matter said.
French consumers will lift spending on fashion and household items during this month’s sales amid concerns the country is tipping into a recession, according to department-store operators Galeries Lafayette SA and Printemps.