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This is something of a surprise, because the odds a few years ago were on Carrefour, as the first mover.
Marks & Spencer said that Mr. Vandevelde had chosen to leave because of "personal commitments previously made to the Halley family" after the death of Paul-Louis Halley, who had represented his family on Carrefour's board before he died last year.
His job is likely to be divided between two Carrefour veterans: José- Luis Duran may become chief executive and Luc Vandevelde (not long ago the rather ineffective boss of Marks & Spencer, a struggling British retailer), the Halleys' representative on Carrefour's board, the chairman.
(See: "Billionaire Tightens Grip On Carrefour") The boycott spat threatened to become diplomatic on Wednesday, when a spokesperson for the Chinese foreign ministry refused to condemn the targeting of French goods.
Investors are meanwhile hoping for an update on Carrefour's strategic plan on Friday, after three directors nominated by Blue Capital, the investment vehicle of Bernhard Arnault, and Colony Capital, joined the company's board.
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"It was all dirt, rubble, and rock," England says of his first impressions of Carrefour on the outskirts of Port-Au-Prince when he arrived with URMissions.com and nursing students from Malone University to work with local group Hearts for Haiti.
In Paris on Tuesday, shares of Carrefour fell 68 euro cents, or 2.98 percent, to 21.92 euros on the news.
I would be inclined to blame the fate of Carrefour workers on their senior management, who have run the company badly.My point is political.
Martinique also has a big enough population that you find yourself feeling at times like you are in mainland France — nudged on by the Carrefour supermarkets, Renault and Citroen dealerships and even a Galleries Lafayette department store in downtown Fort de France.
On a recent visit to his shop on the Carrefour de la Croix Rouge, Massot was putting the finishing touches to a Chinese bowl filled with papery-white hydrangeas, ivory damask roses, artichokes, euphorbia and lettuces.
In early afternoon trading in Paris on Friday, Carrefour shares had risen 6.1 percent.
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