The Casino group, plagued by debt problems, will "extend the consultation period" "The final decision to request the opening of a conciliation procedure remains subject to the board of directors of Casino," says the group. The distributor, which employs more than 50,000 people in France and 200,000 worldwide under many brands, has been struggling for years to get out of debt.
Casino has been officially discussing since February a possible merger with Teract, whose majority shareholder is the agri-food giant InVivo.