Carrefour Q3 sales slow, on the offensive despite failed Auchan tie-up

PARIS (Reuters) -Carrefour, which earlier this month ended talks over a possible tie-up with unlisted rival Auchan, said it remained on the offensive as it kept a guidance for 2021 net free cash flow “comfortably” above 1 billion euros. Europe’s largest retailer also said revenue growth slowed in the third quarter, reflecting weaker sales in the core French market where a mandatory COVID-19 health pass hit business at its large out-of-town hypermarkets. “With its robust balance sheet, and thanks to the commitment of its teams, Carrefour is attractive and on the offensive, for the benefit of its customers and its