Rallye goes into liquidation following the Restructuring of Casino. Czech billionaire Daniel Kretinsky is preparing to take over the Casino safeguard plan, validated Monday by the commercial court.
Rallye hired 50,000 people in France in 2022 but could no longer meet its debt repayments, the group fell into debt of more than 8 billion euros in 2023. “The effective completion of the financial restructuring of Casino, scheduled for March 27, 2024, will result in massive dilution for existing shareholders ”