Connect with us


French Supermarket Casino Sells Stores

Government protests crucially impacted retailer’s business



Paris-based supermarket retailer Casino has begun divesting its assets to reduce its debts, agreeing to sell six of its Geant stores to its rival Leclerc for $114 million.

Prior to announcing the sale, the retailer reported a slowdown in its fourth-quarter revenue growth, citing government protests in France as having an impact on its business, according to Reuters.

“Reducing these losses will contribute to the group’s growth objective in trading profit in the France retail segment,” the company said in a statement it released Saturday.



MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design

Promoted Headlines

Most Popular