Casino to Focus on France, Brazil and Debt After Profit Declines

  • Retailer gives more detail to counter claim it's opaque
  • Casino has gained market share in France this year, CFO says

Casino Guichard-Perrachon SA sought to counter short seller Carson Block’s claim that it is opaque by laying out plans to limit the impact of a weak economy in Brazil while providing forecasts for improved profitability this year in France, the grocer’s largest market.

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