Casino will invest 1.2 billion euros between 2024 and 2028 “to bring the stores up to standard”, said the new general director of the distributor Philippe Palazzi, inducted on Wednesday, in a interview at Parisian. This investment will focus on “the installation of less energy-consuming cold furniture”, the “establishment of a quality fruit and vegetable section because it is not at a sufficient level today, but also a good section fresh”, detailed this former senior executive of the German distributor Metro and the agro-industrial giant Lactalis.
The commercial court validated at the end of February the distributor’s accelerated safeguard plan, fiercely negotiated for months and permitted by candidates for its takeover, the billionaires Daniel Kretinsky and Marc Ladreit de Lacharrière as well as the Attestor investment fund.
“No doubt a voluntary departure plan”
Wednesday in an interview with AFP, Philippe Palazzi indicated that he intended to “keep the headquarters” of Saint-Etienne “in the place where it is located […] but we are going to resize the headquarters to the size of the teams that we will have following the departure of hypermarkets and supermarkets.” “And we will undoubtedly make a plan for voluntary departures,” he said.
The leader also told the Parisian that he intended “in Paris, before the Olympics”, “to increase the number of lockers allowing you to collect the keys to an Airbnb. Likewise, we will offer a service allowing you to store your luggage”.