date:Mar 19, 2014
Alsace was close to filing for bankruptcy in 2011 and committed instead to a major restructuring. The Group faces debts worth 140 million and has recorded consecutive annual losses of up to 25 million since 2008.
Casino Group themselves announced late last year that they have reached an agreement with Co-Normandy Picardy Mutant to buy 47 stores in the south west of France and to pass 90 others located in Normandy and Picardy to Leader Price.