French retail group Casino performed better than expected last year: thanks to the corona crisis, sales at convenience stores and e-commerce rose sharply. But trading profit is also on the rise, and debts are being reduced further.
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After the commotion surrounding the takeover bid by Canadian group Couche-Tard, Carrefour chief Alexandre Bompard wants to turn the page. "We are back on the offensive," he states. "But I don't see any big opportunities in France right now."
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French food retailer Monoprix wants to conquer Europe, including the Benelux. But who is this Parisian, who suddenly wants to bring the "French touch" abroad?
Monoprix, the urban store banner of French retail group Casino, has ambitious plans for expansion throughout Europe. The retailer aims to double its turnover in ten years time.
French retail group Casino saw its comparable revenue increase in the third quarter, but continued to struggle in its home market. Analysts doubt whether the retailer will be able to benefit from the new French lockdown.
French supermarket group Casino published a favourable quarterly report, with an increase in turnover that it largely owes to the lockdown in France. Both online activities and convenience stores reported exceptional results.
What does Daniel Kretinsky have in mind for Casino and Metro? The unruly Czech investor, with a penchant for sectors 'on their way back', has set his sights on the European hypermarket sector, but what are his intentions?
Vesa Equity Investment, Daniel Kretinsky's investment fund, has increased its stake in French retailer Casino to above the 5 % threshold. Analysts now wonder of the Metro owner might be aiming for further consolidation.
French supermarket chain Casino wants to offload its discount chain Leader Price and is now supposedly close to a deal with Aldi.
The French hypermarkets of Auchan, Carrefour and Casino lost billions in sales between 2014 and 2018. Their profitability also deteriorated sharply in the same period.
British retailer Tesco launches a new and paying loyalty scheme, Real does the same thing in Germany, and Casino already did the same in France. Belgian Delhaize is also experimenting with innovative concepts: are traditional retailers going Amazon Prime-style?
This week, the European Commission opened a formal investigation into possible secret agreements between the French food retailers Casino and Intermarché. They are alleged to have coordinated their selling prices, which is contrary to EU competition rules.
The ailing French distributor Casino wants to reduce its debts and seems to have found an interested party to offload its Géant hypermarkets to. Discounter E.Leclerc has started acquisition talks for three-quarters of the hypermarkets.
French Casino, the parent company of (among others) Géant and Monoprix, saw its turnover increase by 1.8 % in the past quarter. However, the growth is predominantly international: in France, there was a decline in turnover.
According to the newspaper ‘Les Echos’, Casino is conducting exclusive negotiations with Aldi regarding the sale of Leader Price. The possible transaction fits the rescue plan announced on 20 August.
Rumours about a takeover bid by Carrefour for its rival Casino are re-emerging, a deal that would lead to a strong number one in both France and Brazil. Daniel Kretinsky however may still put a stop to it...