Rallye SA (GENC.PA)
20 Nov 2019
Wed, Sep 25 2019
PARIS, Sept 25 Debt-burdened Rallye said that it and other shareholders of French retailer Casino had met with bankers on Wednesday to present them the principles of their draft safeguard plan.
PARIS, Sept 25 Debt-burdened Rallye said in a statement that it and other shareholders of French retailer Casino had met with bankers to discuss its financial rescue plan.
PARIS Shares in debt-burdened Rallye slumped on Tuesday after a French court ruled that Societe Generale can call in collateral it owns in Casino's parent, in what is seen as a blow to controlling shareholder Jean-Charles Naouri.
* French court backs Socgen in Rallye shares collateral dispute
PARIS, June 25 French supermarket retailer Casino, which has been battling concerns over debts at the company and at its parent group Rallye, on Tuesday named Franprix boss Jean-Paul Mochet as the new head of its Monoprix arm.
* Move gives time to restructure debt, Casino shares up 12 pct
PARIS, May 24 Short-seller Muddy Waters said on Friday that news Rallye, the parent company of French retailer Casino, had been placed under protection from creditors was "a resounding vindication of the warnings we sounded".
PARIS A Paris commercial court on Thursday placed Rallye, the parent company of retailer Casino, which is battling investor concerns over its high debt, under creditors' protection for at least six months.
* Casino shares slump before suspension, CDS hits record high
PARIS, May 23 Debt-ridden French supermarket chain Casino said that a decision to place its parent company Rallye under administrative measures would not impact its staff, nor Casino's broader business strategy.