In full negotiations to restructure its debt, Plesio (formerly Casino) once again postpones the publication of its quarterly results
The group, which notably includes the Monoprix and Franprix brands, is postponing the publication to Tuesday instead of Monday, without giving details on the reasons for this change of date.
The Plesio group, formerly Casino (Monoprix, Franprix, etc.), has once again postponed the publication of its quarterly results, to Tuesday instead of Monday, without giving details on the reasons, and while an agreement on the restructuring of its debt is still awaited. "Plesio announces the postponement of the publication of its 3rd quarter 2026 activity from Monday November 9, 2026 to Tuesday November 10, 2026.
The publication will take place before the stock market, according to the usual terms", announced the group in a press release. Casino, renamed Plesio in October, had already postponed the publication date for the first time, initially scheduled for Friday November 6. Passed under the control of Czech billionaire Daniel Kretinsky in 2024, after years of losses and over-indebtedness, the former Casino has been the subject for a year of a standoff between its main shareholder and its creditors for a new restructuring of its debt.
Restructuring “Discussions are continuing with the various stakeholders with a view to reaching a consensual solution,” assured the group in September, which must repay 1.4 billion euros in March 2027 and is seeking to reduce this amount. Two years ago, Casino's previous restructuring resulted in 2,200 layoffs, the sale of the group's supermarkets and hypermarkets and the departure of its historic CEO, Jean-Charles Naouri.
To turn the page and affirm its refocusing on proximity, the distribution group, which brings together the Monoprix, Franprix, Casino, Naturalia, Vival, Spar and Cdiscount brands, renamed itself Plesio in October. Led by Philippe Palazzi, the distributor, which has nearly 6,500 stores and 25.
000 employees, posted a net loss estimated at 205 million euros in the first half but improved operational profitability. In February, the group postponed the publication of its 2025 results until the end of March, citing "continued negotiations" concerning its "financial structure".
Machine-translated from French
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- BFM Business9 Nov, 08:54
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