Casino: latest retail news, insights and analysis | ESM Magazine

Groupe Casino Warns Of 2023 Losses For Core French Arm

Groupe Casino has warned of likely 2023 losses for its core French business, due to a slower than expected turnaround at its hypermarkets business and the...

Brazil's GPA Expects To Raise R$500m From Asset Sales In Coming Quarters

Brazilian retailer GPA expects to raise about 500 million reais (€93.7 million) from asset sales in coming quarters, chief financial officer Rafael Ru...

Casino Cuts 2023 Profit Outlook For France

French retailer Casino slashed its 2023 earnings outlook for France, saying investments required to fund price cuts to boost customer traffic and volumes i...

Ard Discount Replaces Leader Price In Sardinia

Italian discount grocery chain Ard Discount has opened its first store in Sardinia, in Oristano, in a joint venture with local retail group Fratelli Ibba.

Casino Agrees Initial Deal To Sell Stake In Éxito Group

French supermarket chain Casino said it has agreed an initial deal to sell its stake in Latin American retailer Almacenes Éxito to Grupo Calleja.

Pátria Investimentos Invests In Major Brazilian Wholesaler

Latin American investment fund Pátria Investimentos has acquired a 56% stake in wholesaler Atakarejo, a market leader in the Brazilian state of Bahi...

Casino Seals Sale Of First Batch Of 61 Stores To Les Mousquetaires

Groupe Casino has completed the sale of a first set of 61 stores in France to Groupement Les Mousquetaires and has extended its purchasing alliance with th...

Ratings Agency S&P Downgrades Casino's Debt

Ratings agency S&P downgraded French retailer Casino's debt deeper on Friday, cutting its rating to CC from CCC- with a negative outlook on what it cal...