Hyper and supermarkets are sold and have asked to meet withįinance Minister Bruno Le Maire and President Emmanuel Macron. Trade unions fear Casino could be dismantled if the French Source close to the matter said on Monday. Potential bidders had to turn indicative bids or expressions Germany's Lidl were also among those interested, sources said. Of hypermarkets and supermarkets it had put up for sale.įrench rivals Auchan and Intermarche have made a joint offerįor all the stores Casino wants to sell, while Leclerc and Indicative offers from several buyers for an unspecified number Verge of default after years of debt-fuelled acquisitions andĬasino said last month it had received preliminary, Supermarket group by market share, which was brought to the Kretinsky is set to take control of France's seventh-largest
Worsening situation at its hypermarkets, is racing to finalise aīailout to avoid bankruptcy early next year.Ī new leadership team formed around Czech billionaire Daniel October to help finalise a deal to restructure its debt by aĬasino, which has issued two recent profit warnings due to a
Had extended a protection procedure it had entered into in PARIS, Dec 11 (Reuters) - French supermarkets groupĬasino said on Monday that the Paris commerce court
