France: Casino to leave Vietnam in debt reduction programme
In a bid to improve its share price and reassure investors, French retail group Casino has embarked on a debt reduction plan of over €2 billion ($2.18 billion), according to reports in Retail Detail and Lineaires. The plan will predominantly be achieved through international real estate and disposing of the company’s stores in Vietnam, sources […]
Brazil: Groupe Casino aims to expand presence
French retail group Casino is looking to strengthen its presence in Brazil, including expanding its geographical footprint, according to an article from newspaper Le Figaro cited by rFi. The reports come on the back of last year’s 9.2% sales growth for Casino in Brazil, the group’s second largest global market after France. Groupe Casino has […]
France: Groupe Casino Q2 sales boosted by international performance
French supermarket group Groupe Casino has released its financial results for the second quarter of 2014, with headline sales at €11.4 billion ($15.5 billion) across the group. Organic growth was reportedly up 6.5% compared to the same period of 2013. While sales were essentially flat in Casino’s domestic market, the group posted stronger growth in […]
Colombia: Casino strengthens presence in South America
Exito, a subsidy of French retailer Groupe Casino, has expanded its operations in Colombia through the acquisition of 19 Colombia Super Inter stores in 2014 and the operation of 31 remaining stores that will be subject to purchase in 2015. Casino has operated in 83 cities in Colombia through its Exito offshoot since 1999, mostly […]
France: Casino records double-digit growth in 2013
French supermarket group Casino has released its annual sales figures for 2013, showing 15.9% growth on the previous year, LSA reports. Total sales at the company were €48.6 billion (approx. $66.21 billion), with like-for-like sales (excluding fuel) also showing growth. The company’s strongest performance came in Brazil, where overall growth was up 23.9% with total […]