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Casino: the heirs of Geoffroy Guichard mourn their vanished splendor and their vanished dividends

2024-02-25T11:42:55.512Z

Highlights: Casino: the heirs of Geoffroy Guichard mourn their vanished splendor and their vanished dividends. The future of Casino is in the hands of the Paris commercial court. The descendants of the founder of the Saint-Etienne distributor will lose a lot with the upcoming restructuring of the group. 34 of them filed a complaint. It is, they say, to defend the memory of their ancestor and to support the employees of the Group that they… This article is reserved for subscribers. You have 88% left to discover. Flash sale -70% on digital subscription I ENJOY IT Already subscribed? Log in.


The descendants of the founder of the Saint-Etienne distributor will lose a lot with the upcoming restructuring of the group. 34 of them filed a complaint.


“What remains of us after we leave this world?”

asks Geoffroy Guichard in the first sentence of his memoirs.

Nearly 100 years later, while the future of Casino is in the hands of the Paris commercial court, the question sounds strange.

“How long will our memory live on in our children and grandchildren?”

, continues the grocer from Feur, a small town in the Loire.

The heirs of Geoffroy Guichard have forgotten nothing about him and his work.

And especially not at a time when the shares they hold (around 1% of Casino's capital, held by some 800 descendants) are about to be very significantly diluted after the restructuring of the group expected at the end of March.

Their participation will be reduced to 0.01%... Enough to make us regret the blessed era when the group distributed generous dividends.

34 of them are particularly nostalgic.

It is, they say, to defend the memory of their ancestor and to support the employees of the group that they…

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Source: lefigaro

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