Casino Group Completes Sale of 121 Stores to Major Retail Chains

Paris, 30 April 2024 - Casino Group announces the sale of 121 stores to Groupement Les Mousquetaires, Auchan Retail France, and Carrefour. This follows agreements made earlier this year, concluding with a total of 287 stores to be sold. The transactions possess a significant enterprise value of 698 million euros.

Essential to these agreements, all employment contracts of the employees in the affected stores will transfer under the conditions stipulated by the French Labour Code. Employees can expect continuity in their employment terms for at least 15 months post-transfer.

Additionally, these leading retail chains have agreed to foster career opportunities for Casino Group's employees, possibly extending offers to become store managers. Casino Group extends gratitude towards all its employees for their dedication and service over the years.