Casino Group’s Critical Financial Situation: List of Stores Sold to Intermarché

2023-06-14 13:50:00

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The Casino group is in a more than critical situation. The distributor, which represents many brands such as Casino, Géant, Franprix, Monoprix, Leader Price, Sherpa and even Cdiscount, finds itself close to bankruptcy. With a debt of 6.4 billion euros at the end of 2022, the situation forces the group to sell several of its stores. Here are which ones in the deep South.

This Wednesday, June 14, Casino announced that it had received a preliminary letter of intent from a group of businessmen made up of Xavier Niel, Matthieu Pigasse and Moez-Alexandre Zouari.

This letter proposes an increase in Casino’s equity capital up to an amount of 1.1 billion euros. At the same time, the group, which is indebted to the tune of 6.4 billion euros, plans to sell 119 stores to Intermarchéresulting in the loss of approximately 4,000 jobs.

Here are the stores affected in the next three years and those that are immediately, according to The Parisian.

Sale within 3 years

  • Supermarket Auzeville Tolosane
  • Bagneres Supermarket
  • Decazeville Supermarket
  • Foix Supermarket
  • Supermarket Millau Chapel
  • Revel Supermarket
  • Supermarket Toulouse Bonnefoy
  • Supermarket Toulouse H Serres
  • Supermarket Toulouse La Cepiere
  • Supermarket Toulouse Minimes
  • Argences supermarket in Aubrac
  • Hypermarket Montpellier highway
  • Supermarket Montpellier rte de Toulouse
  • Hypermarket Salon de Provence
  • Supermarket Avignon St Lazare
  • Supermarket Beziers Riquet
  • Uzes
  • La Grande Motte
  • Supermarket Carqueiranne
  • Supermarket Cros de Cagnes
  • Grasse Supermarket
  • Supermarket Lambesc
  • Supermarché Le Muy
  • Lorgues Supermarket
  • Supermarket Marseille Catalans
  • Supermarket Marseille-Foch
  • Supermarket Marseille Les Caillols
  • Supermarket Marseille Park Sevigne
  • Meyreuil Supermarket
  • Supermarket Nice Falcon
  • Supermarket Nice-Ferbe
  • Supermarket Nice Magnan
  • Supermarket Sanary La Buge
  • Supermarché Toulon Hisses
  • Supermarket Valencia 2
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Immediate transfer

  • Andernos Supermarket
  • Supermarket Bordeaux Cauderan
  • Cenon Supermarket
  • Estancarbon Supermarket
  • Fumel Supermarket
  • Izon Supermarket
  • Lacaune Supermarket
  • Millau Supermarket
  • Supermarket Montussan Rte de Lalande
  • Pau Charles de Gaulle supermarket
  • Pau Lons Supermarket
  • Supermarket St Jean d’Illac
  • Supermarket Toulouse L’Union
  • Villeneuve-sur-Lot supermarket
  • Bernis Supermarket

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