the sign cornered by a colossal debt

Is this the fall of a retail empire? Casino is cornered by a colossal debt, of 6.4 billion euros, with its creditors, and impossible to reimburse them. The group is trying to renegotiate its debt and should sell 180 stores, according to our sources, to another retail giant: Intermarché. How to explain the sinking of the sign with the red and green logo? First, prices that are too high. Some consumers have turned their backs on it. Still, low prices were the group’s priority.

Casino has 50,000 employees in France

Today, Casino has 50,000 employees in France, and 200,000 worldwide. The group owns the Monoprix, Franprix, Spar, Vival, Cdiscount and Naturalia brands. SAccording to Yves Puget, editorial director of LSA magazine, the distributor’s major strategic mistake is tosee wanted to develop by buying out its competitors. Finally, Casino has suffered in recent years from a lack of positioning in the face of too much competition.