Categories: Business

Casino announces sale of 288 stores to Auchan and Intermarché

The stores and their attached service stations are worth about 1.35 billion euros, according to Casino.

published


Reading time: 1 minute

The casino group announced on Wednesday 24 January the sale of 288 stores to Auchan and Intermarché. This represents “Almost the entire scope of hypermarkets and supermarkets”, suggests the casino in a press release. The stores and their attached service stations are worth about 1.35 billion euros, according to Casino.

According to the casino group, the sale will take place in the second quarter of 2024. They will occur in three successive waves: on April 30, 2024, May 31, 2024, and July 1, 2024.

Les Mousquetaires (Intermarché) group and Auchan are committed “Resume all employment contracts of employees assigned to transferred stores and service stations” and for “In respect of employees assigned to stores, maintain provisions and consequent benefits Casino collective status for a period of 15 months from the date of completion of transfer“, it is indicated.

Source link

Admin

Share
Published by
Admin

Recent Posts

100 million degrees for 48 seconds: South Korea’s ‘artificial sun’ moves closer to nuclear revolution

This is a new record that scientists from the Korea Fusion Energy Institute (KFE) have…

7 months ago

The report offers solutions for insurers facing future growth in natural disasters

Damages associated with drought, floods, hail and other increasingly violent events are expected to increase…

7 months ago

You still have time to claim this exciting investigation

An estimated 9 million people in the United States are still waiting for their final…

7 months ago

IDF recognizes “serious mistake” in killing seven members of NGO World Central Kitchen

The death of seven humanitarian workers from the American NGO World Central Kitchen in an…

7 months ago

Fortnite Shop Apr 3, 2024 – Fortnite

Today, at one o'clock in the morning, Gamer updates it Boutique de Fortnite Through the…

7 months ago

Sharon Stone tried to make a Barbie movie in the 1990s

The Basic Instinct and Casino actress looks back at a time in Hollywood when adapting…

7 months ago