The battle for control of Casino started. Since the early 1990s, the distributor is controlled by Jean-Charles Nouri, via a cascade of four holdings, all highly indebted poor countries (3.3 billion euros in total). The inability of the Casino to generate sufficient dividends to reduce the debt and the decline in its Stock price have forced the end of may, the four holdings to request the opening of a safeguard procedure in the commercial court of Paris.
" READ ALSO - Questions about the future and Rally Casino
Since then, many observers of the folder is speculating about a next, taking control of the Rally, the mother house of the Casino, by its creditors. One option available to Jean-Charles Naouri, also CEO of the Casino, will do anything to escape, by trying to convince the commercial court to accept, by the end of may or end of November 2020, a plan of the dump providing for the repayment of the debt of the Rally ...Updated Date: 10 July 2019, 00:00