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The distributor struggles with a colossal debt to save his empire. He should ask his creditors for another boost.
For Beatrice Parrino
© Eric Piermont/AFP
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QWhen Jean-Charles Naouri writes a lot about the markets, you should generally expect a surprise. In recent weeks, the emperor of the Casino group, 74, has communicated extensively on his – possible – partnership with Teract, a network of brands, behind which hides the largest agricultural cooperative in France – Invivo – and a trio depicted as brilliant and known by Tout-Paris, the founder of Iliad Xavier Niel, the banker Matthieu Pigasse and the distributor Moez-Alexandre Zouari.
Then, he presented his willingness to sell big chunks of his kingdom of distribution – Assai in Brazil. Finally, more discreetly and less forward-looking, he published, on Wednesday March 22, a long press release on the state of health of his holding company, Rallye. We learn that Jean-Charles Naouri, m…