Debt-ridden retailer Casino Q3 sales down 5.3% as France weighs

Explore stories from Atlantic Canada.

PARIS - Debt-burdened retailer Casino said on Tuesday group sales fell 5.3% in the third quarter, as weakness in its core French market outpaced robust growth in Brazil.

Last week, Casino reported French retail sales fell 5.6% in the third quarter year on year on a same-store basis, reflecting an 18.6% fall in hypermarket sales and an 11.5% fall in supermarket sales. Casino announced this month the finalisation of a deal to avert bankruptcy through debt restructuring agreed with main creditors, led by Czech billionaire Daniel Kretinsky.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Carlyle Group Prepares to Explore Sale of Every Man JackPrivate-equity firm Carlyle Group is considering selling men's personal-care company Every Man Jack, which could be valued at around $400 million. Carlyle is in the process of hiring a financial advisor to oversee the sale. Every Man Jack offers a range of products for body, hair, beard, shaving, and skincare, all made with natural ingredients. The company, based in Corte Madera, California, was acquired by Carlyle in 2020. This potential sale follows Unilever's recent agreement to sell Dollar Shave Club to Nexus Capital Management.
Read more »

I Explore Unique, Deserted Places, And Here Are 22 Of The Most Eerie OnesAs I venture into unusual, abandoned locales, I frequently come across the eeriest sites. Here's a glimpse of the spookiest encounters from my journeys.
Read more »

How to Find the Best Neighborhoods to Explore While on VacationHotel owner John Grossman tells why he always searches for the best coffee spots before he flies to a new destination, and why your next surf trip should be to Alaska.
Read more »

China factory activity unexpectedly shrinks in Oct, dents recovery momentumExplore stories from Atlantic Canada.
Read more »

Striking US actors union says major issues still unresolved with studiosExplore stories from Atlantic Canada.
Read more »