Rank: 25 (Previous rank: 33)
CEO: Lars Olofsson
Address: 26 Quai Michelet
Carrefour is known for its "hypermarkets" -- a conjoined supermarket and department store -- and a pricey image. In Carrefour's home country of France, where it earns half its sales, the world's No. 2 retailer lost shoppers to discounters like Aldi and Lidl. Earnings plummeted 41%.
New CEO Lars Olofsson said Carrefour is a weakened brand and pushed the Paris-based retailer to cut prices and launch a discount brand in 2009. Even so, many analysts doubt that Carrefour can remake itself in the image of Wal-Mart before the recession is over.
Industry: Food and Drug Stores
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|Company||2008 Number of Employees|
|China National Petroleum||1,618,393|