French retailer Casino changes leadership team as boss Naouri’s era…
Casino names new board, new executive committee
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Shareholders to meet on June 11 to ratify appointments
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Casino to communicate on workforce plan in April
(Adds shares, detail)
By Dominique Vidalon
PARIS, March 28 (Reuters) - Food retailer Casino said on Thursday it had completed its financial restructuring and a new leadership team formed around Czech billionaire Daniel Kretinsky was taking control, ending the 30-year reign of Casino's owner Jean-Charles Naouri.
France's seventh-largest supermarket group by market share, was brought to the verge of default after years of debt-fuelled acquisitions and recent losses in market share to rivals.
The restructuring of borgata online casino by a Kretinsky-led consortium massively dilutes the stake of current shareholde...