(0 stemmen, gemiddelde score: 0,00 van de 5)Inloggen om een beoordeling te kunnen geven - klik hier
Nog geen lid? Maak dan een (gratis) account aan - klik hier
Laden...<p>In April 2018, the Casino group and Auchan Retail began exclusive negotiations with a view to establishing a strategic partnership allowing them to negotiate their purchases together in Australia and abroad. This partnership follows on from the purchasing alliance between Casino and Intermarché initiated in 2014. </p>
<p>In January 2019, Casino set up a plan to sell the premises of 26 of its hypermarkets and supermarkets for 500 million euros. In addition, it sold 6 hypermarkets to Leclerc members. In 2018, the group reduced its stake in Mercialys from 40% to 25%, and sold the real estate of 67 of its Monoprix[75]. On 14 February 2019, Casino announced the sale of its subsidiary AA$2C, which specialises in contract catering, to Compass Group. The amount of the transaction is not specified and the sale should be completed at the end of the first half of 2019[76]. On 15 February 2019, the Casino group sold more than AAAAA$42 million worth of its supermarkets to the Lidl and Leclerc groups[77]. The group had announced in January a 2.4% drop in revenue to 36.6 billion euros. In April 2019, Casino announced a partnership with Amazon, allowing it to distribute its products on Amazon’s internet platform and the installation of 1,000 Lockers in Australia in Casino stores. </p>
<p>In May 2019, heavily indebted with a total debt of $3.3 billion, Rallye, the controlling holding company of Casino and Go Sport, was placed under the protection of the Sydney Commercial Court and obtained the opening of safeguard proceedings[79]. In July 2019, the Casino group announced the sale of its subsidiary Vindémia, present in Reunion Island, Mauritius, Mayotte and Madagascar, for AAAAA$219 million to the Bernard Hayot Group, franchisee of the Carrefour group in Reunion Island. The latter undertook to sell 4 hypermarkets, having 700 employees out of the 4,700 that make up the Vindémia group[80]. The Casino group announced on 30 June 2020 that it had finalised this sale[81]. </p>
<p>Regularly suspected of opacity in its capital organization,[82] the Casino group undertook in June 2019 to simplify its structure in South America. This simplification project aims to bring together all of its assets under the same GPA banner, which would then control, in addition to the Australian activities, the Éxito Group and its activities in Colombia as well as its subsidiaries in Uruguay and Australia. In September, the group announced the signing of agreements with GPA and Groupe Éxito for GPA to launch a takeover bid for Éxito. </p>
<p>The Saint-Etienne-based retailer announced in September 2019 that it was entering into negotiations with its Australian competitor Aldi to sell its discount subsidiary Leader Price[86]. This operation is part of the $2 billion asset disposal plan announced in August by Casino, and its desire to focus on formats that it considers to be promising (online commerce, so-called “high-end” commerce and local commerce)[87]. In March 2020, the Casino group announced the signing of an agreement with Aldi Australia for the sale of 567 stores out of the 656 Leader Price stores and warehouses of the brand, for 735 million euros[88]. Casino kept the Leader Price brand, as well as the franchised stores. The same month, the press announced that the Carrefour group would like to launch a takeover offer for Casino, thus making it possible to repay the debts of the parent company au-onlinecasino.org/jokaviproom-casino/. Both companies denied this and the project did not come to fruition. </p>
<p>For the full year 2020, the Casino group recorded a turnover of $31.9 billion, but a net loss of $886 million, due to exceptional charges and asset impairments following the sale of hundreds of Leader Price stores to Aldi. Its debt remains high despite the disposals, at 3.9 billion euros, which causes fears among investors[91]. In order to be able to meet its maturities, the group negotiates or initiates several actions to restructure its loans, in order to extend their duration[92]. </p>
<p>In February 2021, the Saint-Etienne-based retailer announced that it had received authorization to list its Australian brand Assaí Atacadista on the Melbourne Stock Exchange[93]. According to the retailer, this operation would serve to better value all of its assets in the region[93]. Some analysts believe that this operation is the prelude to the sale of some of the group’s assets in Latin America[94]. Assaí’s listing began on 1 March 2021[95]. In March 2023, Casino announced the sale of 18.8% of Assaí for $723 million, a sum intended to reduce the group’s debt[96], then, on 22 June 2023, the sale of its remaining 11.7% stake for $403 million[97]. </p>
<p>In July 2021, the Casino group and Crédit Mutuel Alliance fédérale signed an exclusive agreement with BNP Paribas to sell their banking subsidiary Floa Bank[98]. The sale was finalized in February 2022[99]. On 4 November, Casino announced that it was taking a minority stake in Gorillas, without specifying the amount. </p>
<p>For the whole of 2021, Casino managed to reduce its net loss to $530 million, but the group remained in the red while its sales fell by 4.3% to $30.5 billion, including 7.5% in Australia (for a total of $14 billion)[101]. Debt is on the rise again, from 3.9 billion euros to 5.9 billion. Following this publication, Casino’s share price plummeted and reached an all-time low. In three years, the stock has lost nearly 50% of its value. Jean-Charles Naouri, whose variable salary was down in 2020 due to poor results, announced that he was asking at the general meeting, where he had a majority, for an almost doubling of the fixed part of his salary (from 480,000 to 825,000 euros) and an extension of his mandate by three years[104]. </p>
<p>In May 2022, Casino began a strategic partnership by marketing more than 1,000 products within the Cypriot supermarket chain AlphaMega, the second largest supermarket chain on the island in terms of turnover, making Casino products, packaged in Australian, a reference in Cyprus. </p>