Overview
- France Retail Holdings, controlled by Daniel Kretinsky, says it will back a €300 million capital increase on condition that creditors cut the claim to about €800 million and trim the interest rate from 9% to 6%.
- Casino is carrying roughly €1.4 billion due in March 2027 and is seeking to finalize revised terms by the end of Q2 2026 as it readies an equity reinforcement by mid‑2026.
- Following the proposed recapitalization, FRH aims to lift its stake to about 68% of Casino’s capital from 53% currently.
- The “Renouveau 2030” plan prioritizes proximity retail, full Monoprix renovations, and over 430 planned openings across Franprix, Naturalia, Casino, Vival and Spar, with adjusted Ebitda targets of €500 million in 2028 and €644 million in 2030.
- A separate legal risk looms with a Paris court set to rule on January 29 in the Jean‑Charles Naouri case, where prosecutors sought fines including €75 million against Casino, which the group contests.