Italy. Accused of fraud in Italy, Carrefour has just had €64 million seized from its accounts by the transalpine tax authorities. This affair discredits the distributor who often highlights its social responsibility. While most management houses apply ESG filters in their stock selection, they tend to exit files that are controversial. Concerning Carrefour specifically, we are at the stage of the investigation in Italy and the final judgment is far from being rendered… In terms of business performance, Carrefour has reduced the gap with Leclerc in the ‘Hexagon by taking control of Cora and buying part of the park owned by Casino…