Casino, Guichard-Perrachon announces transformation plan

By Sarah Lizee

Olympia, Wash., April 24 – Casino, Guichard-Perrachon SA (Groupe Casino) announced a transformation plan to refocus on its convenience store networks and improve its overall efficiency, following the publication of its full-year results and the completion of its restructuring transactions.

The company said it will present its transformation plan to work councils at a meeting on May 6. Negotiations on the content of an employment protection plan will start with the representative trade unions of the companies as well.

Casino said the employment protection plan is part of a wider transformation plan that has become essential to securing the group's long-term future and its recovery.

Its implementation would entail a maximum of between 1,293 and 3,267 job losses, depending on the group’s ability to find buyers for the hypermarkets, supermarkets and logistics platforms scheduled for total or partial closure.

Casino said that, given its financial situation and the refocusing of its strategy on convenience stores, it must adjust the size of its support service functions at its various head offices, as well as within its logistics network.

“The group’s long-term goal is to restore the quality of the customer experience in its stores and become France’s leading convenience store retailer, thanks to its franchisees and integrated teams,” Casino said in the announcement.

There are also plans to invest €1.2 billion in store modernization by 2028, the company added.

Casino is a food retailer based in Saint-Etienne, France. The company filed its Chapter 15 petition on Feb. 15 under case number 24-10252.

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