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French retailer Casino's losses widen to 5.7 billion euros

PARIS(Reuters) -French retailer Casino's full-year losses deepened sharply as it felt the impact of restructuring and stiff competition for its large hypermarkets, the company said on Wednesday, sending its shares plunging by as much as 15%. Casino suffered a consolidated net loss of 5.7 billion euros ($6.2 billion) last year, widening from 316 million euros the previous year, and said it will not publish a revised 2024 outlook in view of its imminent change in leadership. The new leadership team will be formed around Czech billionaire Daniel Kretinsky after the company was brought to the brink of default by years of debt-fuelled acquisitions and loss of market share to rivals. ....

Czech Republic , France General , David Goodman , Dominique Vidalonediting , Daniel Kretinsky , Paris Commerce , Daniel Kretinsky , French Retailer ,

Lille Airport in Northern France Evacuated Due to Bomb Scare

Lille Airport in Northern France Evacuated Due to Bomb Scare
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

France General , Îe De France , Dominique Vidalonediting , Bernadette Baum ,

France says it can help Morocco after quake, awaiting Rabat's request

PARIS -France said on Sunday it is ready to help Morocco after a powerful earthquake killed over 2,000 people, and is awaiting a formal request for assistance..
-Today at 07:45 am- MarketScreener ....

New Delhi , High Atlas , Region De Tadla Azilal , Elaine Hardcastle , Anne Claire Legendre , Frances Kerry , Dominique Vidalonediting , French Foreign Ministry , Foreign Ministry , Emmanuel Macron ,

Coty CEO says Gucci licence not under discussion for next five years

PARIS (Reuters) -Coty said on Thursday there will be no discussion of a Gucci licence deal in the next five years. ....

France General , Jason Neely , Dominique Vidalonediting , David Goodman , Mimosa Spencerwriting ,

French retailer Casino's shares fall 2% after S&P downgrade

PARIS -Shares in French retailer Casino fell more than 2% in early trading on Wednesday after Standard & Poor s cut its long-term credit and placed all its ratings on Credit Watch, citing. | May 10, 2023 ....

Czech Republic , Dominique Vidalonediting , Benoit Van Overstraeten , David Goodman , Daniel Kretinsky , Jean Charles Naouri , Teract Stock Exchange , Press Release , Redit Tract Fr001400bmh7 ,