Czech billionaire Daniel Kretinsky and his partners are prepared to hire former Metro and Lactalis executive Philippe Palazzi as the new boss of French supermar.
PARIS (Reuters) - Czech billionaire Daniel Kretinsky and his partners are prepared to hire former Metro and Lactalis executive Philippe Palazzi as the new boss of French supermarket chain Casino, should their refinancing offer for the debt-laden company succeed, Les Echos reported on Sunday.
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Daniel Kretinsky, (pictured) a Czech billionaire who is the biggest investor in Royal Mail is facing off against Frenchman Xavier Niel, founder of Iliad.
An inscrutable investor nicknamed the “Czech sphinx” is poised for a showdown with a French spy-turned-tech billionaire in a battle for the control of one of the country’s biggest supermarkets.