French Grocer Casino Walks Tightrope With Teract Deal
Grocery group is seeking to manage debt that transformed it into a global player
A Casino supermarket
Photographer: Theo Giacometti/BloombergWelcome to The Brink. It’s Irene Garcia Perez in London and Albertina Torsoli in Paris, where we’ve been looking at the challenges facing French grocer Casino Guichard Perrachon. We also have the latest on shipbuilder Harland & Wolff and Argentina. Follow this link to subscribe. Send us feedback and tips at igarciaperez@bloomberg.net or Tweet/DM to @irenegperez.
It’s seven years since Carson Block’s Muddy Waters warned that French grocer Casino Guichard Perrachon was “highly levered” and that the firm has “been hollowing out the business through asset sales.”