Press

28 September 2011

CasinoExpress.fr: drive-through shopping the Casino way

The Casino Group is expanding its portfolio of formats with the launch of a new drive-through experience called “CasinoExpress.fr”. The first pick-up point is located near Lyon, on the road to Vienne (Vénissieux).

Casino has designed this new local service to be as accessible to as many people as possible and to meet the needs of customers and consumers who want to be freed from the bother of shopping while avoiding delivery charges and the need to wait in at home for the delivery to arrive.

Casino is thus enhancing its offer with a new service: CasinoExpress.fr, a 100% drive-through experience.

The CasinoExpress.fr service consists, on the one hand, of a dedicated website (www.casinoexpress.fr) where orders can be placed online and, on the other, of drive-through collection points where customers can come and pick up their shopping two hours after ordering it. A CasinoExpress.fr team will then take no more than 5 minutes to load the shopping straight into the boot of the car.

Being 100% free and with no minimum order requirement, this new channel offers low prices (in line with hypermarket competitors) coupled with a shopping experience that enables customers to focus on their everyday shopping needs.

The new distribution channel builds on the know-how the Casino Group has built up in two areas:

  • local shopping, which it has been championing for over a century through brands such as Petit Casino, Vival, Spar, Monoprix, Franprix – a sector in which it is currently the leader in France;
  • e-commerce, with Cdiscount – the Number 1 non-food e-commerce retailer in France.

CasinoExpress.fr also benefits from the expertise the Group has acquired in online food retailing through “Mes Courses Casino”, which is already available in more than 80 of its hypermarkets and supermarkets where a pick-up facility is available at the store (pick-up by car or at the in-store reception).

7,000 items, national brands and Casino own-label

CasinoExpress.fr offers a catalogue of 7,000 everyday products covering all departments: market produce (fruit, vegetables, meat, fish), fresh produce, frozen foods, grocery, health, household items, variety store… with maximum focus on quality and freshness. For example, CasinoExpress.fr guarantees a minimum pre-expiry date (30 days for grocery, 7 days for yoghurt and dairy, 6 days for cold meats, ready meals, cheese, butter, smoked and salted fish, 3 days for deli products, 2 days for meat, poultry and fresh fish). In addition, special emphasis is placed on organic products and those from sustainable agriculture. Cold chain integrity is, of course, strictly maintained throughout the process.

CasinoExpress.fr includes major national brand products as well as Casino own-label products (Casino Délices, Casino Bio, Casino Famili, Casino Saveurs d’ailleurs, Casino Terres et Saveurs, Club des Sommeliers, Casino bien pour vous, etc.). CasinoExpress.fr also makes mothers’ lives easier with a wide range of baby products (organic food, wide selection of infant milk, infant care accessories, health, etc.).

Furthermore, a low price policy will apply throughout the year, backed up by regular promotion campaigns.

A flexible, quality service

Thanks to real-time stock management, CasinoExpress.fr is aiming for near-100% product availability. Customers can either pre-pay for their orders online or pay by bank card at the drive-through. All purchases are made using a secure payment procedure (PCSI-DSS certified).
CasinoExpress.fr offers a highly flexible service: customers can place an order around the clock and come to collect their shopping from a drive-through, open Monday to Saturday from 8.30 a.m. to 8.30 p.m. Depending on their needs, customers can collect their shopping from two hours to up to 7 days following their order.

The CasinoExpress.fr drive-through in Vénissieux occupies 1600 square metres of warehouse space and will employ 30 staff, recruited locally in partnership with the Job Centre.

Press contact: Frédéric CROCCEL – Tel. 01 53 65 24 39 – fcroccel@groupe-casino.fr

27 September 2011

Casino: success of a €600 million bond issue

Casino announces the successful issue of a €600 million 4.5-year bond.
This operation strengthens the liquidity of the Group and extends the maturity of its debt, with the purpose of refinancing the end-2011 and early-2012 debt instalments.

This new bond, which will pay a coupon of 4.47%, has been largely oversubscribed by a diversified investor base.

Casino is rated BBB- stable by Standard & Poor’s and Fitch Ratings.

Bank of America Merrill Lynch, Crédit Agricole Corporate & Investment Banking, Deutsche Bank, HSBC, ING, Natixis and Société Générale were lead managers of this bond issue.

Saint-Etienne, 27 September 2011

Analysts and Investors Contact
Régine Gaggioli: rgaggioli@groupe-casino.fr / + 33 (0)1 53 65 64 17
Aline Nguyen: anguyen@groupe-casino.fr / + 33 (0) 1 53 65 64 85

27 September 2011

Exito announces successful COP 2,500 billion (USD 1.4 billion) capital increase

Almacenes Éxito S.A. (“Éxito”), a Groupe Casino subsidiary, announced today the share allocation of its COP 2,500 billion (USD 1.4 billion) capital increase at a price of COP 21,900 per share. The offer was oversubscribed 2.6x* (excluding Casino’s pro-rata subscription) reflecting strong local and international demand for the shares in a challenging market environment.

Éxito will use proceeds from this capital increase to accelerate its expansion plan and consolidate its leadership position in Colombia. In addition, the proceeds will also be used to fund the acquisition of Casino’s majority stakes in leading Uruguayan retailers Disco and Devoto, with Éxito becoming the group’s integrated platform for growth in Hispanic Latin America.

Casino has subscribed its pro-rata participation in the capital increase, maintaining its stake in Éxito at 54.8%.

*and 1.7x including Casino’s announced subscription
Paris, September 27th 2011

Analysts and Investors Contact
Régine Gaggioli : rgaggioli@groupe-casino.fr / + 33 (0)1 53 65 64 17
Aline Nguyen : anguyen@groupe-casino.fr / + 33 (0) 1 53 65 64 85

 

 

DISCLAIMER

The Exito common shares in this offering have not been registered under the securities laws of any other jurisdiction outside of Colombia. The offering will take place in the United States in accordance with Rule 144A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in offshore transactions in reliance of Regulation S of the Securities Act. The Exito common shares offered will not be registered under the Securities Act and cannot be offered or sold in the United States without registration or an applicable exemption to the registration requirements. The offering does not constitute a public offering of financial securities in France within the meaning of Article L. 411-1 of the French Code Monétaire et Financier and Title I of Book II of the Règlement Général of the Autorité des marchés financiers (the ‘‘AMF’’) and, therefore, no offering material has been or and will be filed with the AMF for prior approval. Consequently, the Exito common shares may not be, directly or indirectly, offered or sold to the public in France. The common shares being offered are registered in Colombia’s National Securities and Issuers’ Registry (Registro Nacional de Valores y Emisores – RNVE) and in the Colombian Stock Exchange (Bolsa de Valores de Colombia- BVC). Almacenes Éxito S.A. is a supervised entity by the Colombian Financial Superintendency.

 

 

14 September 2011

Nathalie ESTRADA is appointed Human Resources Director of Cdiscount

Nathalie ESTRADA is appointed Human Resources Director of Cdiscount. She will report to Emmanuel GRENIER, CEO of Cdiscount.

Nathalie ESTRADA is a graduate of the Institut Commercial de Nancy and was previously VP Human Resources for American Express France, a position she occupied after being Director of Human Resources France for Accenture.

Saint-Etienne, September 14, 2011

Press Contacts:

Image Sept
Grégoire Lucas and Priscille Reneaume / Tel. 01 53 70 74 70 /glucas@image7.frpreneaume@image7.fr

Groupe Casino
Frédéric Croccel / Tel. 01 53 65 24 39 /fcroccel@groupe-casino.fr

8 September 2011

Thierry ORSONI is appointed Communication Director of the Casino Group

Thierry Orsoni was born in 1961 and is a graduate of IEP Paris. He is appointed Communication Director of the Casino Group, reporting directly to Jean-Charles Naouri, Chairman and CEO of the Casino Group.

Thierry Orsoni has been Communication Director for Club Méditerranée since 2000 and will take up his position with the Casino Group on November 2, 2011.

Prior to this he worked for SANOFI, where he was successively Publishing Manager, Press Department Manager and Communication Director, France.

During his career, he has also held positions in the communication departments of various organisations and companies, for example the Fédération Nationale du Crédit Agricole and Banque Populaire du Nord.

Saint-Etienne, September 8, 2011

Press Contacts:

Image Sept
Grégoire Lucas and Priscille Reneaume
Tel. 01 53 70 74 70
glucas@image7.frpreneaume@image7.fr

Groupe Casino
Frédéric Croccel
Tel. 01 53 65 24 39
fcroccel@groupe-casino.fr

5 September 2011

Exito Launches COP 2.5 Trillion ($1.4 Billion) Offering of Common Shares

Exito announced today the launching of its offering of common shares, as stated on June 29th, following the formal approval received from Colombian regulatory authorities on 2 September.
The company intends to raise approximately COP 2.5 trillion ($1.4 billion), based on a price per share of COP 21,900, representing an 8% discount to Exito’s share price(1).
Proceeds from the issue will be used to finance the Exito’s expansion plan in Colombia and in the region, including the acquisition of Casino’s majority stakes in Disco and Devoto in Uruguay for a total value of US$746 million.
Exito’s current shareholders have a priority subscription right to the new shares, pro rata to their interest in the company. Common shares not acquired by current shareholders will be allocated to international investors and to the general public in Colombia. Casino, which owns 54.8% of Exito, intends to subscribe to the capital increase pro rata to its current ownership, thereby maintaining its controlling interest in the company.
The subscription period will run from 5 September to 23 September 2011.

(1) Based on the average price over the month preceding the Exito Board of Directors’ decision setting the subscription price and adjusted for the portion of the 2010 dividend that will be paid in advance to current shareholders before the completion of the new share issue.

Analysts and Investors Contact

Régine Gaggioli: rgaggioli@groupe-casino.fr / + 33 (0)1 53 65 64 17
Aline Nguyen: anguyen@groupe-casino.fr / + 33 (0) 1 53 65 64 85
DISCLAIMER
The Exito common shares in this offering have not been registered under the securities laws of any other jurisdiction outside of Colombia. The offering will take place in the United States in accordance with Rule 144A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in offshore transactions in reliance of Regulation S of the Securities Act. The Exito common shares offered will not be registered under the Securities Act and cannot be offered or sold in the United States without registration or an applicable exemption to the registration requirements. The offering does not constitute a public offering of financial securities in France within the meaning of Article L. 411-1 of the French Code Monétaire et Financier and Title I of Book II of the Règlement Général of the Autorité des marchés financiers (the ‘‘AMF’’) and, therefore, no offering material has been or and will be filed with the AMF for prior approval. Consequently, the Exito common shares may not be, directly or indirectly, offered or sold to the public in France. The common shares being offered are registered in Colombia’s National Securities and Issuers’ Registry (Registro Nacional de Valores y Emisores – RNVE) and in the Colombian Stock Exchange (Bolsa de Valores de Colombia- BVC). Almacenes Éxito S.A. is a supervised entity by the Colombian Financial Superintendency.

31 August 2011

Success of a USD 900M medium-term financing

Casino has announced today the closing of a medium-term financing for an amount of USD 900M (approx. EUR630M) with a group of 9 international banks : JP Morgan (facility agent), Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC and RBS.
This operation, which enables the Group to strengthen its liquidity and access to competitive financial resources, shows the quality of Casino’s signature.

Paris, 31 August 2011

Analysts and Investors contact  :

Régine Gaggioli : rgaggioli@groupe-casino.fr / + 33 (0)1 53 65 64 17

Aline Nguyen : anguyen@groupe-casino.fr / + 33 (0)1 53 65 64 85

28 July 2011

2011 Second-Quarter Sales and First-Half Results

– Second-quarter 2011 sales up a very strong 18.8%
 . Faster organic growth, at 7.8% excluding petrol, versus 4.7% in the first quarter
– Very strong organic growth in international markets, with sales up 15.1%
– Accelerated organic growth in France, with sales up 3.2%

– Market share in France up 0.2 point

– First-half 2011: EBITDA up 7.1% and trading profit up 5.6%
 . Excellent performances in International markets
. Gradual improvement in profitability throughout the period in France

– Underlying attributable profit: €178 million (-14.3%)

– Objective of asset disposals increased over €1 billion (vs. €700 million initially), of which €680 million already committed

– The Group confirms the objectives set at the beginning of the year for 2011

– It sets the objective to maintain its net debt/EBITDA ratio at a level below 2.2x at year-end














13 July 2011

Casino acknowledges the withdrawal of the project

Casino Group acknowledges the withdrawal of the project by Abilio Diniz, BTG Pactual and Carrefour. Casino, GPA’s largest shareholder, mindful of the Company’s and all its stakeholders’ interests, has been heard.
Together with GPA’s management, Casino will continue to pursue the Company’s development and reaffirms its strategic commitment in Brazil.

Analysts and investors contact

Régine Gaggioli : rgaggioli@groupe-casino.fr / + 33 (0)1 53 65 64 17

Aline Nguyen : anguyen@groupe-casino.fr / + 33 (0) 1 53 65 64 85

Press contact

For any press request relating to the Casino Group and its brands: Casino, Monoprix, Vival, Spar, Naturalia and Franprix

 

Group Communication Department
directiondelacommunication@groupe-casino.fr
(+33) 1 53 65 24 29