Naouri Casino Rallye

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Casino Chairman and Chief Executive Naouri in May placed the retailer’s parent companies Rallye, Finatis and Fonciere Euris under protection from creditors in a bid to save the group from collapse. Rallye in turn is controlled by Fonciere Euris, Finatis and Euris, which are all in the hands of 70-year-old Casino chairman and CEO Jean-Charles Naouri. Shares in Fonciere Euris and Finatis were. Message from Jean-Charles Naouri, Rallye's Chairman « Casino, Rallye’s primary asset – representing all of Rallye’s consolidated net sales – is one of the world’s leading food retailers. In France, its sales performance is secured by a mix of banners and formats that are well adapted both to the economic environment and to new, major. Shares in indebted French supermarket group Casino and its parent Rallye were suspended on Thursday pending a statement, fuelling speculation of a debt restructuring that could weaken the grip of retail kingpin Jean-Charles Naouri. Prior to the suspension, shares in Casino, which is grappling with tough. Finally, Jean-Charles Naouri will propose to the Board of directors of Casino, Guichard Perrachon to submit to the next general meeting of shareholders a resolution in view of the appointment of a.

Jean-Charles Naouri is chairman and CEO of Casino, a French food retailer with $43 billion in annual revenue and more than 12,000 stores globally. With a net worth of over $1 billion, much of Naouri’s wealth comes from his substantial stake in both Casino and Groupe Go Sport, a sporting goods retailer.

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Jean-Charles Naouri began his career as a finance auditor at the French Treasury. Later, in 1987, Naouri became a managing partner at Rothschild & Cie Banque and started his own investment fund, which became the controlling shareholder in retailer Rallye in 1991. Naouri acquired controlling shares in Casino after it merged with Rallye in 1998.

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Jean-Charles’s son, Gabriel Naouri, is an entrepreneur and was previously deputy head of international operations of Groupe Casino until 2017. Jean-Yves Naouri, brother of Jean-Charles, is a political advisor and former chief operating officer of Publicis, the French multinational advertising and public relations company.