Who Owns Casino Guichard-Perrachon Company?

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Who owns Casino Guichard-Perrachon?

Casino Guichard-Perrachon, a historic French retail group, experienced a significant ownership change in early 2024 following a major financial restructuring. This shift is pivotal for understanding the company's future strategy and financial health.

The company, founded in 1898 and headquartered in Saint-Étienne, France, has a long legacy in food retail, operating various store formats and engaging in e-commerce. Its market capitalization stood at approximately $0.21 billion USD as of July 2025.

A consortium led by Daniel Kretinsky now holds a controlling interest in the company, marking a new chapter after its public listing on Euronext Paris. This restructuring impacts the Casino Guichard-Perrachon BCG Matrix and its overall market position.

Casino Guichard-Perrachon's story began on August 2, 1898, when Geoffroy Guichard founded 'la Société des Magasins du Casino' and 'Établissements économiques d'alimentation under the corporate name Guichard-Perrachon & Co.'. Guichard, born in 1867, had previously acquired a grocery business in Saint-Étienne in 1892, which was located in a building formerly known as the Lyrical Casino, giving the company its name.

Founding Vision

Geoffroy Guichard envisioned a general food store, inspired by the Felix Potin model. This ambition led to the rapid success and expansion of the company.

Initial Capitalization

At its establishment in 1898, the company's capital was subscribed by 77 individuals. The Guichard spouses, Geoffroy and Antonia, held a substantial 35% of this initial capital.

Early Infrastructure Development

Early operations included the construction of warehouses and factories in Saint-Étienne. Despite a fire in 1900, these facilities were rebuilt to cover a total area of 16,000 m².

Geographic Expansion

The company's first branch outside of Saint-Étienne opened in Veauche, Loire, in April 1898, marking the beginning of its broader retail presence.

Family Succession

Geoffroy Guichard transferred ownership of the company to his children in October 1929. This marked a significant step in the company's long-term ownership history.

Company Naming Origin

The name 'Casino' originated from the location of the company's first store in Saint-Étienne, which was situated in a building previously known as the Lyrical Casino.

The foundational years of Casino Guichard-Perrachon were characterized by Geoffroy Guichard's entrepreneurial spirit and a clear vision for a modern retail grocery business. His initial acquisition of a grocery store in Saint-Étienne in 1892 laid the groundwork for what would become a major retail player. The formal establishment of Guichard-Perrachon & Co. in 1898 saw a collaborative effort with 77 initial subscribers, with the Guichard family retaining a significant stake. This early period also saw substantial investment in infrastructure, demonstrating a commitment to growth and operational efficiency, even in the face of early challenges like the 1900 fire. The company's early expansion, including its first branch in Veauche, and the subsequent transfer of ownership to his children in 1929, highlight a strategic approach to long-term development and family legacy. Understanding this Growth Strategy of Casino Guichard-Perrachon provides crucial context for its subsequent evolution and its place in the retail landscape.

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The ownership of Casino Guichard-Perrachon has seen a dramatic shift, culminating in a significant restructuring completed on March 28, 2024. This event fundamentally altered the company's shareholder base and control structure.

Prior to the recent restructuring, Rallye SA, a French holding company controlled by Jean-Charles Naouri, was the dominant shareholder, holding a substantial portion of Casino Guichard-Perrachon's shares and voting rights. This ownership was a result of a 1992 merger that integrated Rallye Group's operations into Casino. However, mounting debt, reaching approximately €7.9 billion by the end of 2023, necessitated a major financial overhaul. The Paris Commercial Court approved an accelerated safeguard plan on February 26, 2024, paving the way for a new ownership structure. A consortium led by Czech billionaire Daniel Kretinsky, through France Retail Holdings S.à.r.l., successfully acquired control of the Casino group on March 27, 2024. This transaction involved a €1.2 billion capital injection and a significant reduction in Casino's debt, by about 75%. Consequently, the Kretinsky-led consortium now holds a majority stake of 53.7% in Casino's share capital. Existing shareholders, including the former controlling entity, experienced substantial dilution, with their retained stake reduced to a mere 0.3% of the share capital. This pivotal change in who owns Casino Group has directly influenced the company's strategic direction, with a renewed emphasis on convenience retail in France and the implementation of a comprehensive transformation plan initiated in April 2024. Understanding the Brief History of Casino Guichard-Perrachon provides context for these significant ownership changes.

Key Ownership Changes

The ownership structure of Casino Guichard-Perrachon has been redefined by a recent financial restructuring. This has led to a new majority owner and a significant shift in the shareholder landscape.

• Consortium led by Daniel Kretinsky acquired control in March 2024.
• France Retail Holdings S.à.r.l. now holds over 53% of the share capital.
• Previous controlling shareholder, Rallye SA, experienced massive dilution.
• The restructuring aimed to address substantial corporate debt.

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Following Casino's financial restructuring completed in March 2024, the Board of Directors has been reconstituted. Mr. Laurent Pietraszewski now serves as Chairman, with Mr. Philippe Palazzi holding the positions of director and Chief Executive Officer. The board also includes directors Ms. Nathalie Andrieux, Ms. Elisabeth Sandager, Ms. Athina Onassis, Mr. Pascal Clouzard, and Mr. Branislav Miškovič. As of April 30, 2025, the board is composed of 7 shareholder-elected directors, featuring 5 independent directors, representing 71.4% of the board, and 3 women, making up 42.9%.

The voting power within Casino Guichard-Perrachon has undergone a significant shift due to the recent financial restructuring. As of May 31, 2025, the company has 400,939,713 shares and 401,082,827 total voting rights, with 400,746,594 exercisable voting rights at general assemblies. This restructuring has concentrated control, with the Kretinsky-led consortium, via France Retail Holdings S.à.r.l., now holding a 53.7% stake in the share capital. This substantial ownership translates to significant voting power, allowing the consortium to heavily influence company decisions. For instance, the planned resignation of Thomas Doerane, a censor appointed by Trinity, following Trinity's sale of its stake in France Retail Holdings to EP Equity Investment in November 2024, highlights how changes in major shareholder positions directly impact board composition and corporate governance. Understanding these shifts is crucial for comprehending the current Marketing Strategy of Casino Guichard-Perrachon.

Casino Guichard-Perrachon Ownership Dynamics

The ownership structure of Casino Guichard-Perrachon has been fundamentally reshaped by its recent financial restructuring. The Kretinsky-led consortium now holds a majority stake, significantly influencing the company's direction.

• Kretinsky-led consortium holds 53.7% of share capital as of post-restructuring.
• Total shares: 400,939,713 as of May 31, 2025.
• Total voting rights: 401,082,827 as of May 31, 2025.
• Exercisable voting rights: 400,746,594 as of May 31, 2025.
• Board composition reflects new ownership, with a majority of independent directors.

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Over the past three to five years, Casino Guichard-Perrachon has experienced significant shifts in its ownership structure, largely due to a comprehensive financial restructuring. The most pivotal event was the change of control on March 27, 2024, when France Retail Holdings S.à.r.l., ultimately controlled by Daniel Kretinsky, assumed leadership of the Casino group. This transition followed a court-approved rescue deal in February 2024, which injected €1.2 billion in new capital and restructured €6.1 billion of existing debt, substantially diluting previous shareholders to a mere 0.3% of the share capital.

Following the change in governance, Casino has initiated its 'Renouveau 2028' strategic transformation plan, concentrating on convenience retail within France. This plan involves optimizing the store network, with 832 outlets closed or exited and 92 new stores opened, alongside 55 integrated stores transitioned to franchises or business leases in the first half of 2025. The company also divested 366 hypermarkets and supermarkets in 2024 to Groupement Les Mousquetaires, Auchan Retail France, and Carrefour. These developments reflect broader industry trends of increasing institutional ownership and founder dilution, as exemplified by Daniel Kretinsky's progressive stake accumulation since September 2019, culminating in his consortium's acquisition of control. This pattern highlights strategic investors actively engaging with financially challenged companies to restructure and revitalize their core operations. The company's recent half-year results for 2025, approved on July 29, 2025, indicate a return to growth, with net sales rising by 0.5% in H1 2025, suggesting the new ownership and strategic direction are beginning to yield positive outcomes. Understanding these shifts is crucial when examining the Competitors Landscape of Casino Guichard-Perrachon.

Casino Guichard-Perrachon Ownership Change

France Retail Holdings S.à.r.l., controlled by Daniel Kretinsky, became the new owner on March 27, 2024. This followed a major financial restructuring that significantly diluted existing shareholders.

Strategic Transformation and Divestments

The company is implementing the 'Renouveau 2028' plan, focusing on convenience retail. This includes store network optimization and the sale of numerous hypermarkets and supermarkets.

Return to Growth Indicators

The first half of 2025 saw net sales increase by 0.5%, marking a return to growth post-restructuring. This suggests the new ownership is positively impacting financial performance.

Industry Ownership Trends

Casino's ownership evolution reflects broader trends of strategic investors acquiring stakes in debt-laden firms for restructuring. This highlights a shift towards consolidation and revitalization in the retail sector.

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