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20 mars 2023

Fortune of the Zouari family, misfortune of the Casino Group shareholders.

And the Autorité de la Concurrence (the French Competitino Authority) in all this? How will a possible TERACT CASINO transaction be handled?

In an article in the Financial Times of March 20, 2023, Moez-Alexandre Zouari is quoted for having expressed the need to have a store every 300 meters in city centers because the inhabitants cannot carry heavy groceries further.

300 meters is the distance used by the Autorité de la Concurrence around a target store for the catchment area.

Moez-Alexandre Zourai exercises joint control over his historical company PRO DISTRIBUTION, and yet the Autorité de la Concurrence authorized the takeover operation by the Zouari family of PICARD in January 2020 considering that a Franprix store of PRO DISTRIBUTION was competing with a PICARD store or a MONOP' store 60% owned by the Zouari family.

Who makes the link with the issue of weakened competition in Paris?

 

The magazine Challenges estimated the fortune of the Zouari family at 1 billion euros in 2022.

Is there a link with the impoverishment of Casino's value and in particular its stock price?

How the Zouari family, which in 2015 and 2016 gained joint control of hundreds of Franprix, Leader Price and Casino supermarkets, many of which were closed (which costs money) and continued to generate losses was able to see its fortune increase from 2015 to 2019, the year when Casino took over many of these stores, in particular the Leader Price stores, sold to Aldi for the most of them?

 

Casino boss spins wheel yet again in race to save supermarket empire

Read L'Enquête Casino and the CASINO PAPERS.

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