In this episode of La Loupe, Xavier Yvon explains how the group, once prosperous, finds itself on the edge of the precipice with Béatrice Mathieu, a great Economy reporter at L’Express.
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The team: Xavier Yvon (presentation), Mathias Penguilly (writing), Marion Galard (editing) and Jules Krot (directing).
Credits: BFM Business, RTL, South Radio
Music and dressing: Emmanuel Herschon/Studio Torrent
Picture credits: Jeff Pachoud/AFP
Logo: Anne-Laure Chapelain/Benjamin Chazal
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Xavier Yvon: What do customers of a Géant Casino, located in a suburban commercial area, have in common with those of a Franprix located in the heart of Paris? What brings together a skier who goes to Sherpa between two descents of slopes and a retiree who does her shopping every day at the Vival grocery store in her village?
You will say to me: “all go to stores”. Yes, but not just any: these brands – Géant, Franprix – are all part of the same group: Casino, which also includes Monoprix, Naturalia, Spar and CDiscount. Since the early 1990s, the company has continued to grow, to the point of becoming a retail empire in France. But at the moment, the giant is faltering: Casino is facing very serious financial difficulties.
Radio and television excerpts : “The retail brand is not in great shape. It should be remembered that the group’s debt is at 6.4 billion euros at the end of 2022. The company is today strangled by the rise in interest rates The company’s creditors are worried about the level of indebtedness and want strong acts.
Xavier Yvon : Difficulties that could cause the group to break up and endanger thousands of jobs. How the success story de Casino collapsed? That’s the question we’re looking at today.
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