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• France-based Carrefour SA, the world’s second largest retailer, announced the resignation of James McCann, the former Tesco executive who has been running the company’s French business.

Dow Jones notes that McCann’s departure is “a sign of mounting troubles for the company's turnaround efforts,” especially because McCann “is the second top executive in a core group recruited by Carrefour Chief Executive Lars Olofsson to leave this year.”
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