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French Grocer Casino Files for Chapter 15 Bankruptcy Protection

Feb. 15, 2024, 9:54 PM UTC
Amelia Pollard
Amelia Pollard

Casino Guichard-Perrachon, the troubled French grocery chain, filed for Chapter 15 bankruptcy protection in New York on Thursday.

  • The move protects a firm’s US assets while insolvency proceedings play out elsewhere
    • In January, the company’s shareholders and creditors approved accelerated safeguard plans in France
  • Company previously entered into a lock-up agreement with a consortium of investors led by Daniel Kretinsky, which the French regulator later approved without a public offer
  • Debt-laden Casino has suffered for years from stagnant sales in the highly competitive French grocery market
  • The case is Casino Guichard-Perrachon SA, 24-10252, U.S. Bankruptcy Court for the ...





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