2023-08-17 14:34:00
Waltz of the labels
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The distribution group, in great financial difficulty, has changed owners. The challenge for the new shareholders is to quickly recover the accounts, without selling the hypermarkets and supermarkets, the main sources of losses.
During the holidays, business continues. The Casino group, which also includes the Franprix and Monoprix brands and the online sales site Cdiscount, managed to escape filing for bankruptcy, despite a debt of nearly 10 billion and negative results (2.3 billion losses, for 11 billion in revenue in the first half of 2023). A trio of shareholders made up of Daniel Kretinsky (creditor of Liberation), an energy and media operator, investor Marc Ladreit de Lacharrière, present in real estate and show production, and the British investment fund Attestor, has been in command since July 27 at dawn. They control a fleet of 12,000 stores (including 9,000 in France) distributed from Saint-Tropez to São Paulo, and employ 200,000 people, including 50,000 in France.
No summer break therefore for financiers and lawyers who work, even remotely, on a 700-page pad called to constitute within two months the official deed of purchase and the epilogue of the spring financial series . Or rather… the end of season 1, which ends with a rescue negotiated on
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#Casino #search #lost #customers #Liberation
