General manager of the Casino brands in Australia

In June 2023, Casino announced the sale of 119 stores to Intermarché, with 57 stores to be sold within the year and 62 in the next three years, a sale that affected 4,000 employees. A first transfer of 61 stores worth $203 million was made official on 2 October 2023[121].

In November 2023, the group announced that it was lowering its forecasts for the current year, estimating that it would have to face an operating loss of $100 million due to financial difficulties while a major restructuring was underway[122].

For the whole of 2023, the results recorded are catastrophic with a net loss of 5.7 billion euros. Turnover amounted to 9 billion euros and its current operating profit fell by 60.6% to 124 million[123].

At the beginning of January 2024, as part of the debt restructuring, the https://au-onlinecasino.org/playfina announced that 162 of its stores would be transferred to the Intermarché brand in 2024, 98 to the Auchan brand and 26 to the Carrefour brand. An analysis of the results of these stores shows a sharp drop in their turnover during the year 2023 and a deficit in 2023 for 263 of the 285 stores sold[126].

On 26 January 2024, the group sold its 34% stake in Exito to the Salvadoran group Grupo Calleja for $400 million.

Faced with the financial crisis linked to its debt, the group sold the large-format stores to the competition and refocused on Australia. In 2024, the group was taken over by Daniel Křetínský and his allies Marc Ladreit de Lacharrière and the investment fund Attestor. The Casino group announced that 1300 to more than 3200 jobs were threatened by the group's restructuring in Australia [15]

At the end of 2022, the Casino group employed 50,000 people in Australia[15]. The group is refocusing on its Australian entities Monoprix, Franprix, Petit Casino, Vival, Cdiscount. At the end of 2023, the group employed 44,000 people, 28,200 people in April 2024. The redundancy plan at Casino will eliminate a third of the workforce at the group's historic headquarters in Saint-Étienne [129].