The Collectif Carrefour Redressement & Équité
The Collectif Carrefour
Redressement & Équité
The Collectif Carrefour
Redressement & Équité
Who is behind the action?
Who is behind the action?
The Collectif Carrefour Redressement & Équité
A collective to defend the future of Carrefour’s partners
The Collectif Carrefour Redressement & Équité) is an association governed by the French 1901 law.
Why this initiative ?
Carrefour is one of the leading players in mass retail in France and Europe, but its franchise model and commercial practices are now being called into question. Franchisees, shareholders, and suppliers are increasingly denouncing an imbalance in contracts and economic conditions, affecting their profitability and the group’s stability.
Who does this concern ?
Shareholders (both minority and majority) wishing to defend their rights and preserve the value of their investment.
French and European franchisees impacted by unbalanced contractual clauses and restrictive purchasing practices.
Suppliers and economic partners facing negotiation conditions deemed abusive.
Employees and former executives who want to share their experiences and contribute to better governance.
Our Actions :
Unite and mobilize members to bring a collective voice to Carrefour’s Board of Directors and governance bodies.
Participate in an investment vehicle to strengthen stakeholders' influence and secure representation on the Board of Directors.
Establish a structured dialogue with the media, authorities, and regulators to expose abuse and propose alternative solutions
Our team is available to discuss and support you in this collective action.
The Collectif Carrefour Redressement & Équité
A collective to defend the future of Carrefour’s partners
The Collectif Carrefour Redressement & Équité) is an association governed by the French 1901 law.
Why this initiative ?
Carrefour is one of the leading players in mass retail in France and Europe, but its franchise model and commercial practices are now being called into question. Franchisees, shareholders, and suppliers are increasingly denouncing an imbalance in contracts and economic conditions, affecting their profitability and the group’s stability.
Who does this concern ?
Shareholders (both minority and majority) wishing to defend their rights and preserve the value of their investment.
French and European franchisees impacted by unbalanced contractual clauses and restrictive purchasing practices.
Suppliers and economic partners facing negotiation conditions deemed abusive.
Employees and former executives who want to share their experiences and contribute to better governance.
Our Actions :
Unite and mobilize members to bring a collective voice to Carrefour’s Board of Directors and governance bodies.
Participate in an investment vehicle to strengthen stakeholders' influence and secure representation on the Board of Directors.
Establish a structured dialogue with the media, authorities, and regulators to expose abuse and propose alternative solutions
Our team is available to discuss and support you in this collective action.
The Collectif Carrefour Redressement & Équité
A collective to defend the future of Carrefour’s partners
The Collectif Carrefour Redressement & Équité) is an association governed by the French 1901 law.
Why this initiative ?
Carrefour is one of the leading players in mass retail in France and Europe, but its franchise model and commercial practices are now being called into question. Franchisees, shareholders, and suppliers are increasingly denouncing an imbalance in contracts and economic conditions, affecting their profitability and the group’s stability.
Who does this concern ?
Shareholders (both minority and majority) wishing to defend their rights and preserve the value of their investment.
French and European franchisees impacted by unbalanced contractual clauses and restrictive purchasing practices.
Suppliers and economic partners facing negotiation conditions deemed abusive.
Employees and former executives who want to share their experiences and contribute to better governance.
Our Actions :
Unite and mobilize members to bring a collective voice to Carrefour’s Board of Directors and governance bodies.
Participate in an investment vehicle to strengthen stakeholders' influence and secure representation on the Board of Directors.
Establish a structured dialogue with the media, authorities, and regulators to expose abuse and propose alternative solutions
Our team is available to discuss and support you in this collective action.
Contact Us
Contact Us
Our objective
Our objective
What are the objectives of CCRE ?
The Collectif Carrefour Redressement & Équité (CCRE) is committed to :
Defending the rights of franchisees, shareholders, and suppliers against Carrefour’s unbalanced contractual and economic practices.
Raising awareness of the economic and legal risks associated with the current franchise model.
Advocating for structural reforms to ensure more transparent and equitable governance.
Maintaining an active presence in Carrefour’s strategic decisions to prevent the company’s devaluation.
How does the CCRE’s approach differ from that of the Carrefour Franchisee Association (AFC)?
While the CCRE and the AFC share similar concerns, their approaches differ:
The AFC exclusively represents Carrefour franchisees and focuses on contractual and operational issues.
The CCRE, backed by WhiteLight Capital, adopts a broader perspective by including shareholders, suppliers, and franchisees, tackling the issue from a financial, economic, and strategic standpoint.
In Summary : We are not the AFC, but we share a complementary mission to challenge a franchise model that has become problematic for many economic stakeholders.
What are the objectives of CCRE ?
The Collectif Carrefour Redressement & Équité (CCRE) is committed to :
Defending the rights of franchisees, shareholders, and suppliers against Carrefour’s unbalanced contractual and economic practices.
Raising awareness of the economic and legal risks associated with the current franchise model.
Advocating for structural reforms to ensure more transparent and equitable governance.
Maintaining an active presence in Carrefour’s strategic decisions to prevent the company’s devaluation.
How does the CCRE’s approach differ from that of the Carrefour Franchisee Association (AFC)?
While the CCRE and the AFC share similar concerns, their approaches differ:
The AFC exclusively represents Carrefour franchisees and focuses on contractual and operational issues.
The CCRE, backed by WhiteLight Capital, adopts a broader perspective by including shareholders, suppliers, and franchisees, tackling the issue from a financial, economic, and strategic standpoint.
In Summary : We are not the AFC, but we share a complementary mission to challenge a franchise model that has become problematic for many economic stakeholders.
What are the objectives of CCRE ?
The Collectif Carrefour Redressement & Équité (CCRE) is committed to :
Defending the rights of franchisees, shareholders, and suppliers against Carrefour’s unbalanced contractual and economic practices.
Raising awareness of the economic and legal risks associated with the current franchise model.
Advocating for structural reforms to ensure more transparent and equitable governance.
Maintaining an active presence in Carrefour’s strategic decisions to prevent the company’s devaluation.
How does the CCRE’s approach differ from that of the Carrefour Franchisee Association (AFC)?
While the CCRE and the AFC share similar concerns, their approaches differ:
The AFC exclusively represents Carrefour franchisees and focuses on contractual and operational issues.
The CCRE, backed by WhiteLight Capital, adopts a broader perspective by including shareholders, suppliers, and franchisees, tackling the issue from a financial, economic, and strategic standpoint.
In Summary : We are not the AFC, but we share a complementary mission to challenge a franchise model that has become problematic for many economic stakeholders.
The Risks Facing Carrefour & Next Steps
The Risks Facing Carrefour & Next Steps
Why raise awareness about Carrefour’s risks?
Carrefour faces three major risks that threaten its business model and financial stability:
#1. Purchase Evasion
✔ Franchisees, constrained by restrictive contractual terms, are bypassing Carrefour to source products elsewhere.
✔ This could result in a €150–200 million shortfall over the next three years, jeopardizing the supply chain’s stability.
#2. Underprovisioning for Legal Disputes
✔ Carrefour has only allocated €700K per store for legal disputes, whereas ongoing arbitration cases range between €1 million and €15 million.
✔ A surge in litigation could force Carrefour to urgently revise its financial model.
#3. A Governance Crisis Risk
✔ Growing tensions between Carrefour, its franchisees, and its investors are weakening the leadership and impacting the company’s stock market valuation.
✔ Shareholders may demand strategic changes, forcing Carrefour to reassess its franchise policies.
What Are the Potential Consequences for Carrefour?
If Carrefour fails to address these warning signs, it may face:
✔ An increase in legal disputes, leading to costly compensation claims and a potential forced overhaul of its franchise model.
✔ Deteriorating investor relations, possibly resulting in stock devaluation and governance restructuring.
✔ A weakening brand reputation, as prolonged conflict could erode trust among consumers and economic partners.
Who Supports CCRE’s Initiative?
Several key stakeholders are closely monitoring our efforts:
✔ The Public Prosecutor and the Ministry of the Economy, who are investigating concerns related to Carrefour’s economic model.
✔ Legal and financial experts, including Jérôme Coulombel, former General Counsel of Carrefour France.
✔ Institutional and individual shareholders concerned about the group’s financial stability and risk management.
Why raise awareness about Carrefour’s risks?
Carrefour faces three major risks that threaten its business model and financial stability:
#1. Purchase Evasion
✔ Franchisees, constrained by restrictive contractual terms, are bypassing Carrefour to source products elsewhere.
✔ This could result in a €150–200 million shortfall over the next three years, jeopardizing the supply chain’s stability.
#2. Underprovisioning for Legal Disputes
✔ Carrefour has only allocated €700K per store for legal disputes, whereas ongoing arbitration cases range between €1 million and €15 million.
✔ A surge in litigation could force Carrefour to urgently revise its financial model.
#3. A Governance Crisis Risk
✔ Growing tensions between Carrefour, its franchisees, and its investors are weakening the leadership and impacting the company’s stock market valuation.
✔ Shareholders may demand strategic changes, forcing Carrefour to reassess its franchise policies.
What Are the Potential Consequences for Carrefour?
If Carrefour fails to address these warning signs, it may face:
✔ An increase in legal disputes, leading to costly compensation claims and a potential forced overhaul of its franchise model.
✔ Deteriorating investor relations, possibly resulting in stock devaluation and governance restructuring.
✔ A weakening brand reputation, as prolonged conflict could erode trust among consumers and economic partners.
Who Supports CCRE’s Initiative?
Several key stakeholders are closely monitoring our efforts:
✔ The Public Prosecutor and the Ministry of the Economy, who are investigating concerns related to Carrefour’s economic model.
✔ Legal and financial experts, including Jérôme Coulombel, former General Counsel of Carrefour France.
✔ Institutional and individual shareholders concerned about the group’s financial stability and risk management.
Why raise awareness about Carrefour’s risks?
Carrefour faces three major risks that threaten its business model and financial stability:
#1. Purchase Evasion
✔ Franchisees, constrained by restrictive contractual terms, are bypassing Carrefour to source products elsewhere.
✔ This could result in a €150–200 million shortfall over the next three years, jeopardizing the supply chain’s stability.
#2. Underprovisioning for Legal Disputes
✔ Carrefour has only allocated €700K per store for legal disputes, whereas ongoing arbitration cases range between €1 million and €15 million.
✔ A surge in litigation could force Carrefour to urgently revise its financial model.
#3. A Governance Crisis Risk
✔ Growing tensions between Carrefour, its franchisees, and its investors are weakening the leadership and impacting the company’s stock market valuation.
✔ Shareholders may demand strategic changes, forcing Carrefour to reassess its franchise policies.
What Are the Potential Consequences for Carrefour?
If Carrefour fails to address these warning signs, it may face:
✔ An increase in legal disputes, leading to costly compensation claims and a potential forced overhaul of its franchise model.
✔ Deteriorating investor relations, possibly resulting in stock devaluation and governance restructuring.
✔ A weakening brand reputation, as prolonged conflict could erode trust among consumers and economic partners.
Who Supports CCRE’s Initiative?
Several key stakeholders are closely monitoring our efforts:
✔ The Public Prosecutor and the Ministry of the Economy, who are investigating concerns related to Carrefour’s economic model.
✔ Legal and financial experts, including Jérôme Coulombel, former General Counsel of Carrefour France.
✔ Institutional and individual shareholders concerned about the group’s financial stability and risk management.
Why Join Us?
Why Join Us?
Why Join Us?
Join the Collectif Carrefour Redressement & Équité!
✅ Are you a Carrefour franchisee, shareholder, or supplier?
✅ Do you want to be part of a strong and organized collective action?
✅ Do you seek to influence strategic decisions and defend your interests?
Sign up today and help structure a strategic response to the growing issues within Carrefour’s business model.
Don’t face Carrefour’s decisions alone. Join us and make your voice heard.
Join the Collectif Carrefour Redressement & Équité!
✅ Are you a Carrefour franchisee, shareholder, or supplier?
✅ Do you want to be part of a strong and organized collective action?
✅ Do you seek to influence strategic decisions and defend your interests?
Sign up today and help structure a strategic response to the growing issues within Carrefour’s business model.
Don’t face Carrefour’s decisions alone. Join us and make your voice heard.
Join the Collectif Carrefour Redressement & Équité!
✅ Are you a Carrefour franchisee, shareholder, or supplier?
✅ Do you want to be part of a strong and organized collective action?
✅ Do you seek to influence strategic decisions and defend your interests?
Sign up today and help structure a strategic response to the growing issues within Carrefour’s business model.
Don’t face Carrefour’s decisions alone. Join us and make your voice heard.
About
WhiteLight Capital
About
WhiteLight Capital
Founded in 2024 by Kevin Romanteau, WhiteLight Capital is an independent investment fund committed to defending shareholder rights and correcting governance imbalances in major European corporations.
Our Mission:
Restoring balance between investors and large publicly traded companies by demanding greater transparency and ethical decision-making.
Protecting shareholder and economic partner interests by identifying and rectifying value-destructive practices.
Engaging in structured and effective dialogue with corporate leadership to improve governance and business management in the companies we invest in.
By joining the Collectif Carrefour Redressement & Équité, WhiteLight Capital leverages its expertise to support shareholders and franchisees in crafting a strategic response to Carrefour’s questionable business practices.
Founded in 2024 by Kevin Romanteau, WhiteLight Capital is an independent investment fund committed to defending shareholder rights and correcting governance imbalances in major European corporations.
Our Mission:
Restoring balance between investors and large publicly traded companies by demanding greater transparency and ethical decision-making.
Protecting shareholder and economic partner interests by identifying and rectifying value-destructive practices.
Engaging in structured and effective dialogue with corporate leadership to improve governance and business management in the companies we invest in.
By joining the Collectif Carrefour Redressement & Équité, WhiteLight Capital leverages its expertise to support shareholders and franchisees in crafting a strategic response to Carrefour’s questionable business practices.
Founded in 2024 by Kevin Romanteau, WhiteLight Capital is an independent investment fund committed to defending shareholder rights and correcting governance imbalances in major European corporations.
Our Mission:
Restoring balance between investors and large publicly traded companies by demanding greater transparency and ethical decision-making.
Protecting shareholder and economic partner interests by identifying and rectifying value-destructive practices.
Engaging in structured and effective dialogue with corporate leadership to improve governance and business management in the companies we invest in.
By joining the Collectif Carrefour Redressement & Équité, WhiteLight Capital leverages its expertise to support shareholders and franchisees in crafting a strategic response to Carrefour’s questionable business practices.
About Kevin Romanteau
About Kevin Romanteau
About Kevin Romanteau
Kevin Romanteau is a seasoned investor specializing in shareholder engagement and governance improvements in publicly traded European companies.
After witnessing how poor governance decisions can erode value for shareholders and business partners, he founded WhiteLight Capital to empower investors and increase their influence over corporate decision-making.
His approach is rooted in active and strategic participation, ensuring that shareholders are not just passive observers, but key players in corporate restructuring and recovery.
Kevin Romanteau is a seasoned investor specializing in shareholder engagement and governance improvements in publicly traded European companies.
After witnessing how poor governance decisions can erode value for shareholders and business partners, he founded WhiteLight Capital to empower investors and increase their influence over corporate decision-making.
His approach is rooted in active and strategic participation, ensuring that shareholders are not just passive observers, but key players in corporate restructuring and recovery.
Kevin Romanteau is a seasoned investor specializing in shareholder engagement and governance improvements in publicly traded European companies.
After witnessing how poor governance decisions can erode value for shareholders and business partners, he founded WhiteLight Capital to empower investors and increase their influence over corporate decision-making.
His approach is rooted in active and strategic participation, ensuring that shareholders are not just passive observers, but key players in corporate restructuring and recovery.
FAQ
Who can join the association ?
Membership is open to: - Carrefour shareholders (individual and institutional) wishing to protect the value of their investment. - Carrefour franchisees in France and Europe who want to rebalance the contractual conditions imposed by the group. - Suppliers and subcontractors impacted by the distributor's business practices. - Anyone wishing to contribute to a structural reform of the Carrefour model.
What are the benefits of membership ?
- Access to strategic information and exclusive analyses on Carrefour's economic and legal situation. - Participation in collective actions and legal proceedings to protect your rights and seek compensation in case of harm. - Access to a network of financial and legal experts to assist you in your efforts. - Opportunity to join the investment vehicle (SPV), allowing for direct influence on Carrefour's governance
How much does membership cost ?
- The annual membership fee is €100 (including taxes) per individual. - Additional options may be available for participation in the SPV or legal actions.
What documents are required to join ?
For legal entities (companies, suppliers, franchisees under a legal structure): - Kbis (company registration document) issued within the last 3 months. - Identity document of the legal representative. For individuals (including shareholders, independent franchisees, etc.): - Proof of Carrefour shareholding OR Carrefour franchise agreement. - Identity document.
Who can join the association ?
Membership is open to: - Carrefour shareholders (individual and institutional) wishing to protect the value of their investment. - Carrefour franchisees in France and Europe who want to rebalance the contractual conditions imposed by the group. - Suppliers and subcontractors impacted by the distributor's business practices. - Anyone wishing to contribute to a structural reform of the Carrefour model.
What are the benefits of membership ?
- Access to strategic information and exclusive analyses on Carrefour's economic and legal situation. - Participation in collective actions and legal proceedings to protect your rights and seek compensation in case of harm. - Access to a network of financial and legal experts to assist you in your efforts. - Opportunity to join the investment vehicle (SPV), allowing for direct influence on Carrefour's governance
How much does membership cost ?
- The annual membership fee is €100 (including taxes) per individual. - Additional options may be available for participation in the SPV or legal actions.
What documents are required to join ?
For legal entities (companies, suppliers, franchisees under a legal structure): - Kbis (company registration document) issued within the last 3 months. - Identity document of the legal representative. For individuals (including shareholders, independent franchisees, etc.): - Proof of Carrefour shareholding OR Carrefour franchise agreement. - Identity document.
Who can join the association ?
Membership is open to: - Carrefour shareholders (individual and institutional) wishing to protect the value of their investment. - Carrefour franchisees in France and Europe who want to rebalance the contractual conditions imposed by the group. - Suppliers and subcontractors impacted by the distributor's business practices. - Anyone wishing to contribute to a structural reform of the Carrefour model.
What are the benefits of membership ?
- Access to strategic information and exclusive analyses on Carrefour's economic and legal situation. - Participation in collective actions and legal proceedings to protect your rights and seek compensation in case of harm. - Access to a network of financial and legal experts to assist you in your efforts. - Opportunity to join the investment vehicle (SPV), allowing for direct influence on Carrefour's governance
How much does membership cost ?
- The annual membership fee is €100 (including taxes) per individual. - Additional options may be available for participation in the SPV or legal actions.
What documents are required to join ?
For legal entities (companies, suppliers, franchisees under a legal structure): - Kbis (company registration document) issued within the last 3 months. - Identity document of the legal representative. For individuals (including shareholders, independent franchisees, etc.): - Proof of Carrefour shareholding OR Carrefour franchise agreement. - Identity document.
Join the Action
Join the Action
Join Us
Join Us
01. Fill out the membership form
Complete the online form with your information and membership documents.
02. Sign the membership agreement
You will receive a confirmation and access to documents related to the Association.
03. Pay the membership fee
Your registration will be validated once the payment is received.
04. Access resources, collective actions, and strategic analyses
As a member, you will be able to follow updates, attend meetings, and contribute to the collective’s action strategies.
01. Fill out the membership form
Complete the online form with your information and membership documents.
02. Sign the membership agreement
You will receive a confirmation and access to documents related to the Association.
03. Pay the membership fee
Your registration will be validated once the payment is received.
04. Access resources, collective actions, and strategic analyses
As a member, you will be able to follow updates, attend meetings, and contribute to the collective’s action strategies.
01. Fill out the membership form
Complete the online form with your information and membership documents.
02. Sign the membership agreement
You will receive a confirmation and access to documents related to the Association.
03. Pay the membership fee
Your registration will be validated once the payment is received.
04. Access resources, collective actions, and strategic analyses
As a member, you will be able to follow updates, attend meetings, and contribute to the collective’s action strategies.