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The Independent UK
The Independent UK
Business
Karl Matchett

French supermarket chain suffers €1.6 billion hit after riots and looting

French supermarket chain Carrefour has seen more than £1bn wiped off the company valuation overnight after riots and looting caused damage worth “tens of millions of euros” across stores.

Curfews have been imposed in cities across France this week after days of destruction and fires being set, aimed at showcasing anger around the cost of living crisis and poor conditions at schools.

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