This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.

Bond Market News

Casino Guichard’s Bonds Drop on Flat Retail Sales

March 1, 2023

High Yield Bonds

Bonds of French retailer Casino Guichard fell by over 5% across the curve after its retail sales grew by only 0.1% in the fourth quarter of 2022. Casino said that a “more difficult competitive environment late in the year” was to blame and that it kept cutting spending on promotions and communication. Casino is currently in talks to combine its French retail operations with Teract SA. Bloomberg Intelligence analyst Charles Alle notes that it is “difficult to see how any merger with Teract could, on its own, reverse the poor sales trend”.

Share this

Looking for more ?

Curated global bond market news - delivered to your inbox everyday.

Go back to Latest bond Market News

Related Posts:

Casino Guichard Plans Stake Sale of Green Yellow at €1bn Valuation

March 24, 2022

Casino Guichard’s Dollar Bonds Inch Lower after Concern of Narrowly Avoiding Debt Breach

September 22, 2022

Casino Guichard Planning to Merge Retail Operations

February 2, 2023

Our Awards

BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.

Disclaimer

Cookies Policy

Security

Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960