A group of investors, led by Czech billionaire Daniel Kretinsky, has warned French unions that Casino GuichardPerrachon SA may face collapse within a year if it doesnt sell unprofitable hypermarkets and supermarkets.
The investor group, including Fimalac and Attestor emphasized the need to sell assets despite opposition from unions, citing a risk of social damage and deteriorating working conditions.
Casino French market share has dropped, and its hypermarkets and supermarkets business is expected to close the year with a €538 million loss.
The investor group, including Fimalac and Attestor emphasized the need to sell assets despite opposition from unions, citing a risk of social damage and deteriorating working conditions.
Casino French market share has dropped, and its hypermarkets and supermarkets business is expected to close the year with a €538 million loss.