Casino: why the Intermarché-Auchan duo won the jackpot

by time news

2023-12-18 23:04:12

The Auchan-Intermarché tandem or the Lidl-Carrefour team? For weeks now, the 55,000 employees of the Casino group have been wondering who would take over the hypermarkets and supermarkets in which they work. This Monday, December 18, the group still led by Jean-Charles Naouri, its CEO since 2005, but which will return to the billionaire duo Daniel Kretinsky and Marc Ladreit de Lacharrière at the start of 2024, lifted the suspense: it is indeed Auchan and Intermarché who are now in “exclusive negotiations” to buy “all of the stores put up for sale” by Casino, strangled by an abysmal debt. According to the more than century-old group, this represents 313 stores, for which “all employees of the transferred stores would be taken over”.

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The operation, “subordinate” to the ongoing financial restructuring of Casino, could take place before the end of the first quarter of next year. If the details of these secret talks are not known, in Bercy, a source close to the matter underlines that, in this battle of titans, the social issue was decisive: “The fact that all the positions were taken over weighed in the balance. »

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