Casino recovers its capital but keeps its franchised business

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11 September 2019 à 09h22

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2 minutes

Publication: 11 September 2019 à 09h22

Reading time: 2 minutes

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Publication

11 September 2019 à 09h22

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2 minutes

Publication: 11 September 2019 à 09h22

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Eager to reduce debt, the Casino Group (managed by Jean-Charles Naouri) has sold Vindemia, a subsidiary in the Indian Ocean. While the share price of Casino collapsed and the Group’s debt reached €2.9 billion in the end of May 2019, the grocery omnichannel retailer completed debt reduction plans with the sale of Vindemia for €219 million. The buyer is the Bernard Hayot Group (BHG), operated by Stéphane Hayot. However, Casino continues to operate in the same geography (La Reunion) via the Leader

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