Sean Peche, fund manager at Ranmore Fund Management, tells CNBC that Carrefour is the stock to own in a high interest rate environment when consumers are feeling the squeeze. Peche believes consumers trade down to more affordable options in difficult economic times, which Carrefour benefits from as the company earns higher margins on own-label products.
Sean Peche, fund manager at Ranmore Fund Management, tells CNBC that Carrefour is the stock to own in a high interest rate environment when consumers are feeling the squeeze. Peche believes consumers trade down to more affordable options in difficult economic times, which Carrefour benefits from as the company earns higher margins on own-label products..