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Mass distribution: a decisive week for Casino
Mass distribution: a decisive week for Casino – (franceinfo)
The names of the buyers of the Casino stores should be known within the week. The group is in serious financial difficulty. Around 2,000 demonstrators met on Sunday December 17 in front of the headquarters in Saint-Étienne (Loire).
Employees, politicians of all stripes and residents demonstrated in the streets of Saint-Étienne (Loire), Sunday December 17. There were around 2,000 of them in this town, cradle of the Casino group. The future of the group, and therefore of its employees, is written in dotted lines. “I thought I would stay there until the end, but I think it’s a bad idea now”, declares a woman. For several months, Casino’s debt has continued to grow. The group is therefore forced to sell its hypermarkets and supermarkets.
Nearly 24,000 jobs could be at risk
The name of the buyer should be known on Monday December 18. Intermarché allied with Auchan, Lidl or Leclerc would have quickly positioned themselves. According to The echoes, a new actor would have recently entered the dance. In fact, Carrefour would have made an offer on the 7,000 small local convenience stores, stores which are not included in the sales scope announced by Casino. Nearly 24,000 jobs could, according to the inter-union association, be threatened in France.
