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Jean-Charles Naouri pursues deal with former franchisee as he races to salvage group
Details of investigation by French prosecutor come as food retail group posts annual loss of €316mn
Heavily indebted group controlled by Jean-Charles Naouri close to securing a lifeline with Teract tie-up
Jean-Charles Naouri in talks over merger of retailer’s food operation
There is no guarantee asset sale will be enough to pay group’s debts
Share divestment in South American peer part of efforts to sell assets worth €4.5bn to reduce leverage
‘Very tough 2022’ forecast for heavily indebted French supermarket group
Casino and Metro condemn threatening behaviour towards employee who has been assigned to alternative stocks
French supermarket chain enjoys Covid-19 sales bounce but costs weigh on earnings
Funds will bolster existing spending and facilitate new deals
More asset sales potentially ahead as group’s heavily indebted parent is under court protection
French court approves 10-year debt restructuring of Rallye
French supermarket blames unrest for poor sales, but this story whiffs of one of its fish counters
Shares in Casino and Fnac Darty both fall more than 10 per cent
New deal comes not long after French retailer appeared frozen out of credit markets
French retailer has struggled amid multiyear price war in its home market
Recommendations include widening the disclosures of short positions
The retailer has the dubious honour of being one of the most shorted stocks in Europe
Aldi expression of interest in Leader Price would help asset-sale plan
Billionaire’s arrival will not change the problems facing the retailer
Investment comes amid broad restructuring by French retailer
Plans come amid broad restructuring as group looks to cut debt and focus on key markets
Welcome to Due Diligence, the FT’s daily deals briefing
The controlling shareholder in the French retailer is fighting to keep hold of his indebted empire
French retailer is aiming to save €500m over 18 months
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