Shares in Carrefour rose following the European supermarket retailer’s agreement to buy 17% online fashion retailer Showroomprive.com for £70.4m, from Steinhoff-owned furniture chain Conforama.
The company’s shares were up 0.3% in early morning trading, outperforming the broader European retail sector.
Alexandre Bompard, who took over last July as CEO of Carrefour is scheduled to unveil his strategy for the group later this month.
He is under pressure from investors to boost the performance of the group’s France-based hypermarkets, something that has undone many of his predecessors.
Stiff online competition and heavy price discounting from rivals such as Leclerc have made life difficult.