Casino

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...

Retailer Casino Gets Waiver From Lenders On Financial Covenants

French retailer Casino, which recently agreed a long-awaited debt restructuring deal with creditors, said earlier this week that it got a waiver from credi...

France's Groupe Casino Blames Price Cuts For First-Half Losses

Groupe Casino swung to a loss of €233 million for the first half of its financial year, as falling sales and price cuts at its hypermarkets and superm...

French Grocers Could Benefit From Food Price Cuts, Analysts Say

French grocers may benefit from the country's demand that big food producers impose price cuts as sales of supermarket own brand products rise and the majo...

Groupe Casino Sees Sales Fall 6.6% In France In Second Quarter

Groupe Casino has said that sales in France in the second quarter fell by 6.6%, after a 4.6% decline in the first three months of the year.

Casino Shares Shine Amid Hopes Of Higher Rescue Offers

Casino shares rose by over 9%, lifted by the prospect that rival bidders would raise their offers to rescue the cash-strapped French retailer.

Czech Tycoon Kretinsky Leads Rescue Plan For Retailer Casino

Czech billionaire Daniel Kretinsky is leading a €1.35 billion investment plan to rescue Casino, the French retailer has said, dwarfing a rival proposa...

French Supermarket Casino's Rescue Triggers Billionaires Contest

The rescue of cash-strapped French supermarket chain Casino is triggering a billionaires contest pitting French telecoms maverick Xavier Niel against Czech...