|Bid||50.15 x 1500|
|Ask||51.50 x 36600|
|Day's Range||37.87 - 38.50|
|52 Week Range||37.87 - 57.19|
|PE Ratio (TTM)||60.21|
|Forward Dividend & Yield||3.12 (8.07%)|
|1y Target Est||N/A|
Privately-held French supermarket operator Systeme U is discussing a possible grocery supply deal with Amazon, its chief executive said, amid growing speculation over the U.S. online retail giant's intentions regarding the French market. Amazon's purchase of Whole Foods in the United States last year has prompted speculation that it could be targeting the European food and supermarket sector next.
Economic growth in France and rising food inflation will boost domestic food sales, strengthen revenues and underpin the credit quality of French grocery food retailers in 2018, says Moody's Investors ...
Casino has started exclusive talks over buying online shoe retailer Sarenza, as the French supermarket operator looks to strengthen its online presence in the face of competition from Amazon and other Internet firms. Sarenza generated sales of more than 250 million euros ($310.30 million) during its last fiscal year, and its planned takeover follows Casino's e-commerce partnership with Ocado , in November, as the French retailer looks to build up the online presence of its Monoprix supermarket business.
Online retail sales in France could exceed 90 billion euros ($112 billion) this year and top the 100 billion mark next year as the number of online vendors increases and people turn to the Internet and mobile phones to shop more often, the country's E-Commerce Federation (Fevad) said on Tuesday. In 2017, E-commerce represented 8.7 percent of overall French retail sales, up from against 7.7 percent in 2016.
Privately-held French supermarket operator Leclerc said on Wednesday it planned to launch a food delivery service in Paris this year, in the face of competition from Amazon. Amazon's purchase of Whole Foods in the United States last year has prompted speculation that the tech company could be targeting the European food and supermarket sector next.
Brazilian retailer GPA SA said its total sales rose 8.2 percent last year, to 44.6 billion reais . In the fourth quarter, GPA, owned by French retailer Casino Guichard Perrachon SA, had net sales of 12.5 ...
Brazilian retailer GPA SA is planning to invest 1.3 billion reais in 2018, in line with capital spending this year, Chief Executive Ronaldo Iabrudi told journalists on Tuesday. Iabrudi said GPA plans to ...
Rating Action: Moody's assigns first time Ba1 CFR to Casino Guichard-Perrachon SA; stable outlook. Global Credit Research- 30 Nov 2017. London, 30 November 2017-- Moody's Investors Service, has today assigned ...
Ocado Group Plc won an international client as French supermarket operator Casino Guichard-Perrachon SA agreed to use its technology to boost e-commerce.
French shoppers plan on average to spend more on online sales this Christmas compared to a year ago, the country's Commerce Federation (Fevad) said on Tuesday, marking the latest sign of a gradual improvement in the economy. Online Christmas retail sales are expected to reach 15.8 billion euros, a year-on-year rise of 13 percent, as more people in France turn to the Internet for their shopping habits. This would lift total online retail sales in France to more than 80 billion euros in full-year 2017, giving a year-on-year rise of around 14 percent.
French retailer Auchan said on Monday it had not been approached by E-commerce giant Amazon about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions. Auchan Retail head Wilhelm Hubner also told journalists that co-operation between Auchan and online giant Alibaba would focus on China for now, after Alibaba announced a deal with Auchan in China.
A new video shows a man accused of impersonating a Wall Street Journal reporter in an effort to uncover information from prominent short-seller Muddy Waters and allegedly learn more about its strategy toward French retailer Casino Guichard-Perrachon SA. Groupe Casino, as the supermarket chain operator is also known, on Monday affirmed its denial of wrongdoing in its dealings with Muddy Waters and founder Carson Block. Muddy Waters and firms like it often issue negative research about the companies they short.
Muddy Waters, the investment firm run by prominent short-seller Carson Block, on Wednesday asked a New York court to force Google to help it identify someone who impersonated a Wall Street Journal reporter to uncover its strategy toward a French retailer it was betting against. The unusual petition filed with the state Supreme Court in Manhattan seeks the identity of "John Does 1-5," who Block said admitted to misusing Gmail accounts to learn his thoughts about the retailer, supermarket operator Casino Guichard-Perrachon SA (CASP.PA), and his whereabouts.
Muddy Waters, the investment firm run by prominent short-seller Carson Block, on Wednesday asked a New York court to force Google to help it identify someone who impersonated a Wall Street Journal reporter to uncover its strategy toward a French retailer it was betting against. The unusual petition filed with the state Supreme Court in Manhattan seeks the identity of "John Does 1-5," who Block said admitted to misusing Gmail accounts to learn his thoughts about the retailer, supermarket operator Casino Guichard-Perrachon SA , and his whereabouts.
Short seller Carson Block’s firm sued Alphabet Inc.’s Google seeking to learn the names of people who used fake identities trying to gain access to confidential research, including someone who posed as ...
Brazilian federal police have sent a report to the country's top appeals court alleging that French retailer Casino Guichard Perrachon SA, owner of Brazilian retailer GPA, paid bribes to the wife of a government official to block a deal promoted by a major shareholder, Brazilian media reported on Monday. According to newspapers O Estado de Sao Paulo and Folha de Sao Paulo, police allege that Casino officials paid several bribes to the first lady of Minas Gerais state starting in 2011, in an attempt to influence her husband, who was then trade minister. The bribes were also meant to influence the former head of national development bank BNDES, which the trade ministry oversees, the papers said.
Brazil market watchdog has exempted GPA SA from indemnifying minority shareholders who claimed they should be paid a premium for agreeing to sell an appliance retailer that helped create subsidiary Via Varejo SA, putting an end to a year-old legal battle. In a securities filing on Thursday, GPA said it was informed of watchdog CVM's decision which was made a day earlier. People familiar with the case had told Reuters that minority shareholders of Globex Utilidades SA sought 150 million reais ($48 million) from GPA in connection to their 2010 buyout.
French online retail sales rose 13 percent to 39.5 billion euros ($47 billion) in the first half, the French E-Commerce Federation said, highlighting the country's steps towards making France a major hub for fintech and online businesses. The number of E-commerce websites rose 10 percent from last year to stand at 208,000 by end-June, and in the second quarter alone online retail sales rose 11 percent to 19.5 billion euros. In June, French billionaire Xavier Niel said he felt Paris was now fully equipped to attract more innovative companies than London and dominate Europe's startup scene, as Niel opened the doors to Paris' start-up mega-campus Station F.
Europe's shares extended their relief bounce on Thursday but were unlikely to avoid a third straight month of losses as they entered the last trading day of an unusually turbulent August, and a profit warning from Carrefour sank the retail sector. Carrefour shares dropped 12.8 percent to their lowest level in nearly five years after the French supermarket chain warned 2017 profit could fall by 12 percent and cut its sales growth target. It reported weaker than expected first-half earnings as intense competition in the retail sector weighed on margins.
Nearly 250,000 eggs contaminated with an insecticide have reached shops in France and most of them have already been eaten, the French farm ministry said on Friday, adding that it saw minimal health risks from the incident. "The levels of actual contamination do not pose any risks for consumers," it said, citing an investigation by France's health and safety agency that pointed to "very low" risks.