Highly indebted, the Casino group is betting on its next rescue by renegotiating with its creditors

2023-05-23 21:07:15

It looks like a – last – bottle thrown into the sea: while the Casino group, which employs some 56,000 employees in France, has dragged its record debt like a ball and chain for years, its board of directors validated Monday evening the principle of a renegotiation with its creditors. The Saint-Etienne distributor, which oversees the Géant and Casino supermarkets as well as Monoprix, Franprix, Cdiscount and Naturalia, has given itself until 5 p.m. Tuesday to launch this procedure – in the meantime, on Tuesday, its title was suspended at Stock exchange of Paris.