Casino Guichard-Perrachon SA has suspended talks to sell Geant hypermarkets and other assets as the French retailer focuses on responding to the coronavirus pandemic, according to a person with direct knowledge of the situation.
Casino has put its 2 billion-euro ($2.2 billion) divestment plan on hold after its chains recorded a 30% average jump in sales in the past few weeks as consumers stockpile food, said the person, who asked not to be identified as the information isn’t public.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
