Casino Guichard-Perrachon SA, the French retailer, rose to the highest in almost 13 years after saying it will merge its Cdiscount and Nova Pontocom e-commerce units, and that it may spin them off in a U.S. stock offering.
Deutsche Bank AG and Saint-Etienne, a centuries-old town in France’s Massif Central region, settled a four-year-old “toxic” loan spat this week. The town’s woes aren’t over as other banks aren’t playing ball, its mayor said.
Casino Guichard-Perrachon SA, the owner of Monoprix and Big C supermarkets, reported an 18 percent jump in 2013 earnings, led by gains in Brazil, and said it’s targeting a resumption of sales growth in France this year.
After a surge in Brazilian real estate prices, Cia. Brasileira de Distribuicao Grupo Pao de Acucar is carving a niche as a landlord. The nation’s biggest food retailer is investing $500 million to build mini malls around its supermarkets.
Casino Guichard-Perrachon SA, the owner of the Monoprix and Geant supermarket chains, reported first-half profit that beat analysts’ estimates as cost-cutting measures helped offset declining sales in France.