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France's Casino confirms it has received offers for stores
Heavily indebted French supermarket group Casino has received expressions of interest for its hypermarket and supermarket stores. The company declined to name the bidders or number of stores it intends to sell. France's sixth-largest retailer has been building back its business after an October deal to avert bankruptcy.
France's Casino blames fierce competition for slower... France's Casino blames fierce competition for slower hypermarket recovery. Casino sees 2023 loss of 78-140 mln euros * Promotional activity more intense this year - CFO.
Supermarket company Casino warns of 2023 losses for... Casino estimated that its 2023 earnings before interest, tax, depreciation and amortisation (EBITDA) after leases would range between a loss of 78 million euros and 140 million euros. The company also finalised in October a deal to avert bankruptcy through a debt restructuring.
Leonardo DiCaprio says he has thanked 'amazing' Sharon Stone 'many times' for paying his wage on The... Sharon, 65, revealed in her memoir that she was deeply impressed by Leo's audition, but the brass at TriStar Pictures were leery of hiring an 'unknown.''The studio said if I wanted him so much, I could pay him out of my own salary,' the Casino actress wrote in her book.
Debt-ridden retailer Casino Q3 sales down 5.3% as France weighs Consolidated group net sales fell 5.3% on a same-store basis in the third quarter. Weakness in its core French market outpaced robust growth in Brazil. Casino announced this month the finalisation of a deal to avert bankruptcy.
Brazil's GPA expects to raise $100 mln from asset sales... Brazilian retailer GPA expects to raise about 500 million reais ($98.71 million) from asset sales. That would add to the $156 million raised by the company from the divestment of its 13.31% stake in Almacenes Exito. GPA, which is controlled by France's Casino, reported third quarter results on Monday.
French retailer Casino agrees initial deal to sell... French retailer Casino agrees initial deal to sell stake in Exito Group. Casino is in the midst of a restructuring after years of debt-fuelled acquisitions.
MGM Resorts International CEO Bill Hornbuckle slams $100 million hack that crippled its operations... The gaming giant was the target of a massive hacking operation last month, which knocked its slot machines offline and even deactivated digital locks across its hotel rooms. MGM elected not to pay the cyber gang's ransom request but revealed the move cost the Casino-giant an estimated $100 million. The hospitality and entertainment company was left 'completely in the dark' following the hack on September 10.
MGM Resorts International CEO Bill Hornbuckle slams $100 million hack that crippled its operations... The gaming giant was the target of a massive hacking operation last month, which knocked its slot machines offline and even deactivated digital locks across its hotel rooms. MGM elected not to pay the cyber gang's ransom request but revealed the move cost the Casino-giant an estimated $100 million. Bosses at Caesars reportedly paid $15 million to the same hackers linked to the MGM strike to avoid any disruption.
NEWSMAKER-Czech tycoon Kretinsky crashes close-knit... Daniel Kretinsky, who Forbes says has a net worth of $9.5 billion, is a self-professed lover of France. On Thursday, Casino said it had finalised a binding lock-up agreement.
Retailer Casino seals lock-up on debt rescue deal led... Retailer Casino seals lock-up on debt rescue deal led by Czech billionaire Kretinsky. Casino brought to the verge of default after years of debt-fuelled deals.
French retailer Casino finalizes rescue deal led by... French supermarket group Casino has finalized a deal to avert bankruptcy. Casino was brought to the verge of default after years of debt-fueled acquisitions. The deal massively dilutes shareholders and will bring to an end the 30-year reign of Jean-Charles Naouri.
French retailer Casino finalises rescue deal led by... French supermarket group Casino has finalised a deal to avert bankruptcy. Casino was brought to the verge of default after years of debt-fuelled acquisitions. The deal massively dilutes shareholders and will bring to an end the 30-year reign of Jean-Charles Naouri.
Casino shares suspended, news on debt deal expected soon Shares in French retailer Casino were suspended on Wednesday pending a statement. In July, Casino reached an agreement in principle with a consortium led by Czech billionaire Daniel Kretinsky. The deal would bring an end to the 30-year reign of Casino CEO and controlling shareholder Jean-Charles Naouri.
Casino shares suspended, news on debt deal expected soon Shares in French retailer Casino were suspended on Wednesday pending a statement. In July, Casino reached an agreement in principle with a consortium led by Czech billionaire Daniel Kretinsky. The deal would bring an end to the 30-year reign of Casino CEO Jean-Charles Naouri.
Debt-laden Casino seals sale of first batch of 61... Debt-laden Casino seals sale of first batch of 61 stores to Les Mousquetaires. The sale of the 61 stores represents revenue of 563 million euros ($594.75 million) excluding value-added tax.
French retailer Casino extends deadline with creditors... Casino has been hit by fierce competition in the French supermarket sector. It was forced to restructure after years of debt-fuelled deals started to weigh on its balance sheet. Casino earmarked a debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky.
French watchdog fines Rallye, its CEO for market... French watchdog AMF has fined the holding company Rallye and its chief executive Franck Hattab for market manipulation. Rallye is the parent of the troubled supermarket chain Casino. Casino is currently undergoing a restructuring process through court mediation.
Debt-ridden retailer Casino relegated from key French... Casino will be excluded from Paris' SBF-120 equity index of major companies. Casino's shares have slumped by around 80% since the start of 2023. Casino has been hit by fierce competition in the French supermarket sector.
‘Hairy’ Tiz Invincible bursts into bloom in Rosebud Popular bush trainer Brett Cavanough celebrated 1000 career winners when Burdekin landed the cash in Casino on Saturday. Hugh Bowman and Brenton Avdulla will answer a Chris Waller Winx Stakes SOS next Saturday to ride Lindermann and Osipenka.
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