Groupe Casino

Casino Guichard-Perrachon S.A.
Company typePublic company
Euronext Paris: CO
CAC Mid 60 Component
IndustryMass retail
Founded1898; 126 years ago (1898)
FounderGeoffroy Guichard
Headquarters
Saint-Étienne
,
France
Key people
Jean-Charles Naouri
Revenue
Decrease €31.05 billion (2021)[1]
  • Decrease €14.41 billion (France)
  • Decrease €14.61 billion (Latam)
  • Decrease €2.03 billion (E-commerce)
Positive decrease €-656 million (2021)[1]
Positive decrease €-397 million (2021)[1]
Total assetsIncrease €30.53 billion (2021)[1]
Total equityDecrease €5.64 billion (2021)[1]
Number of employees
Decrease 28,200 employees worldwide (2024)
Subsidiaries
List
Websitewww.groupe-casino.fr Edit this at Wikidata

Casino Group or Casino Guichard-Perrachon is a French mass-market retail group. It was founded on 2 August 1898 by Geoffroy Guichard under the corporate name Guichard-Perrachon & Co.[2]

Casino Group is the source of many innovations, such as the first distributor's brand in 1901,[3] the first self-service store in 1948,[4] or even the display of a sell-by date on consumer products in 1959.

Casino Group operates across all food and non-food formats: supermarkets, convenience stores, discount stores, and wholesale stores. Casino Group owns other brands such as Monoprix, Franprix, Cdiscount, Vival, and Le Petit Casino.

As of 2017 Casino Group, managed by Jean-Charles Naouri, was quoted on the Paris Stock Exchange and had total revenue of €37.8 billion.[5] As of November 2021, the group has a market capitalization of approximately €2.35 billion.[6]

Between June 2023 and October 2024, in the grip of a financial crisis linked to its debt, the group closed or sold all of its Casino supermarkets and Géant hypermarkets in France to competitors. [7] During this crisis, Casino and Géant brands are also gradually being replaced by competitors in various countries. [8]

The group employs 28,200 people in April 2024.[9]

In its results for the first half of 2024, the Casino group announced that the Leader Price franchise activities are part of the discontinued operations.

From 2024 a consortium lead by Daniel Kretinsky will own and control 53.7% of Casino's share capital.[10]

  1. ^ a b c d e Cite error: The named reference FR21 was invoked but never defined (see the help page).
  2. ^ Conso, L. S. A. (24 October 2013). "55 ans du supermarché: Les dates clés". www.lsa-conso.fr (in French). Archived from the original on 11 October 2019. Retrieved 23 August 2018.
  3. ^ "Casino : la petite épicerie de famille devenue Géant". Le Figaro (in French). 2007. Archived from the original on 3 March 2016. Retrieved 23 August 2018.
  4. ^ "Le premier Casino devenu cafétéria". www.archives.saint-etienne.fr (in French). Archived from the original on 20 March 2019. Retrieved 23 August 2018.
  5. ^ "Chiffre D'Affaires 2017" (PDF). www.groupe-casino.fr (in French). 17 January 2018. Archived (PDF) from the original on 20 March 2019. Retrieved 23 August 2018.
  6. ^ "Euronext Casino Guichard". Archived from the original on 14 November 2021. Retrieved 14 November 2021.
  7. ^ Camille Harel (28 September 2024). "Fermeture des derniers magasins Casino : Bretagne et Bourgogne parmi les régions les plus touchées". capital.fr.
  8. ^ Nelly Fualdes (26 September 2023). "Comment Système U profite du recul de Casino en Afrique". jeuneafrique.com.
  9. ^ Cécile Prudhomme (24 April 2024). "Plan social chez Casino, un tiers des effectifs du siège historique supprimés". lemonde.fr.
  10. ^ https://www.reuters.com/business/retail-consumer/paris-court-gives-green-light-kretinsky-led-bailout-plan-casino-consortium-2024-02-26/ [bare URL]