Groupe Casino
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]
Company type
Public company
Mass retail
1898
Geoffroy Guichard
€14.41 billion (France)- €14.61 billion (Latam)
- €2.03 billion (E-commerce)
€-656 million (2021)[1]
€-397 million (2021)[1]
€30.53 billion (2021)[1]
€5.64 billion (2021)[1]
196,307 employees worldwide (2021)[1]
- Géant Casino
- Casino Supermarchés
- Casino Supermarchés
- Hyper Casino
- Petit Casino
- Casino Shop
- Casino Restauration
- Monoprix
- Naturalia
- Franprix
- Leader Price
- Spar
- Vival
- Cdiscount
- Pão de Açúcar
- Grupo Éxito
- Libertad
- Mini Libertad
- Devoto
- Disco
- Jumbo
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.
As a historical player in mass-market retail in France, the group also started to grow internationally at the end of the 90s. It acquired GPA and Grupo Éxito in 1999, major companies in mass-market retail in Brazil and in Colombia.[5][6]
Casino Group operates across all food and non-food formats: hypermarkets, supermarkets, convenience stores, discount stores, and wholesale stores. Other than the eponymous "Géant Casino" and "Casino Supermarchés", Casino Group owns other brands such as Monoprix, Franprix, Leader Price, Cdiscount, Vival, Spar, Sherpa, and Le Petit Casino.
Casino Group, currently managed by Jean-Charles Naouri, is quoted on the Paris Stock Exchange. In 2017, its total revenue was €37.8 billion.[7] As of November 2021, the group has a market capitalization of approximately €2.35 billion.[8]
Groupe Casino's brands a range of retail formats:
In the world
ISIN: FR0000125585
Controversies[edit]
Kepler Cheuvreux[edit]
In August 2020, following anonymous threats and intimidations in Germany, the analyst stock, responsible for monitoring food retail trade from Kepler Cheuvreux, was forced to stop following Casino group and the German distribution brand Metro. The analyst had advised Kepler Cheuvreux's client investors to "hold" Metro's stock and to "reduce" their positions on Casino. Both groups have the Czech billionaire Daniel Kretinsky as a minority shareholder. He, along with the Casino group, condemned the threats addressed to the analyst. Neither Kepler Cheuvreux nor the analyst have commented on this matter. An investigation is currently underway by the German police, while the Financial Markets Authority (AMF) has declared to "regret" this situation. The financial watchdog also indicated having informed the public prosecutor.[75]
Duty of Vigilance Law[edit]
In March 2020, eleven NGOs filed a lawsuit against the Casino group in French courts[76] due to its sales in South America of products based on beef, allegedly from farms linked to illegal deforestation in the Amazon.[77][78] The NGOs claim to base their case on the duty of vigilance law.[79][80][81][82][83]