Impact on the supermarket industry in the region: Casino Group puts its South American operations up for sale
(By Juan Maqueda) French group Casino, listed on the Paris Stock Exchange as Casino Guichard Perrachon, is looking to reduce its deficit by selling off some of its profitable operations. With a prominent presence in the global supermarket industry, the group currently has nearly 13,000 active stores in the region. It has announced its intention to sell all its assets in South America, joining the list of companies leaving countries like Argentina and Colombia.
(By Juan Maqueda) French group Casino, listed on the Paris Stock Exchange as Casino Guichard Perrachon, is looking to reduce its deficit by selling off some of its profitable operations. With a prominent presence in the global supermarket industry, the group currently has nearly 13,000 active stores in the region. It has announced its intention to sell all its assets in South America, joining the list of companies leaving countries like Argentina and Colombia.