The future of the Casino group, the distributor of more than a hundred years of origin from Saint-Etienne, will be decided this Monday before the Paris commercial court. The latter must examine and probably endorse the accelerated safeguard plan for the group which was drowning in debt.
Employees denounce “the opacity which surrounded’ the safeguard plan. In exchange for this massive debt reduction, the buyers will take the reins of Casino. The current shareholders, starting with the CEO for a few weeks Jean-Charles Naouri will be massively diluted.