Claiming to act "
as part of the legal reorganization of food distribution activities in France
" announced on June 15, the group has already placed the entities of the Monoprix scope there, which includes the organic specialist Naturalia, according to a press release published. Wednesday.
“
The contribution of the activities of Distribution Casino France, the final stage of this reorganization, will take place during the first half of 2023
”, specifies the group of origin from Saint-Etienne.
In June, he explained that he wanted to "
simplify and increase the readability of its legal organization in France
", planning to house in this holding Franprix, Monoprix and Distribution Casino France as well as its logistics branch Easydis and its central purchasing office AMC .
Casino specified that “
the reporting segments and the management structure of the group would remain unchanged
”.
The group, which employs more than 200,000 people worldwide, including a large quarter in France, is engaged in a vast disposal plan aimed at reducing its debt.
At the end of November, he announced that he had sold just over 10% of his Brazilian brand Assai for nearly 500 million euros.
Casino now only holds 30.5% of the capital of this wholesale brand for professionals and individuals.
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The group, whose stock market price was more than halved in 2022, has been experiencing financial difficulties for several years.
In 2020, the Paris Commercial Court had validated a plan to safeguard Casino's parent company, Rallye, and the cascade of holding companies (Foncière Euris, Finatis and Euris), heavily indebted, by which Jean-Charles Naouri, CEO of Casino, control.
This plan provided for the reimbursement of creditors via the increase in dividends from Casino, as well as significant asset disposals.
It aims to achieve 4.5 billion euros in disposals, including 400 million euros by the end of 2023.
