This Friday, the Casino group announced the sale for 42 million euros of several large areas with a deficit, both built-in that exploited the brands Lidl and Leclerc during the first semester.

The group of saint-etienne is going to get 25 million euros from the sale of the 18 stores that have registered in 2018 a turnover of 88 million euros, but also 12 million euros in lost operating income. In the lot, the hypermarket Giant Roubaix will be acquired by a participant Leclerc and its walls will go to the owner of the mall. The other 17 stores (8 Leader Price, 8 Casino Supermarkets and 1 Hyper Casino) are redeemed by Lidl.

33 stores should be sold to Lidl

at the same time, the franchisees of the group with which the Casino group is associated with 49% have signed pledges in view of the sale at Lidl from 33 stores for a total amount of 17 million euros. These 16 stores were saved by 2018 a turnover of 60 million euros, but also € 9 million loss in operating income.

For many months, and in the framework of its new strategy, the Casino group is engaged in a process of disengagement and it has already announced a number of disposals of similar assets to reduce its debt. Casino reported in January, have generated a turnover in 2018 decline of 2.4%, to 36.6 billion euros, conforming to the expectations of the analysts. The group recorded a sales increase of 1.4% in France, 19 billion euros.

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