casino
Viele Supermärkte und Kaufhäuser in Europa haben derzeit mit wirtschaftlichen Schwierigkeiten zu kämpfen. Nachdem in Deutschland der Warenhauskonzern Galeria Karstadt Kaufhof insolvent gegangen ist und Galeries Lafayette angekündigt hat, seine Türen in Berlin bald schließen zu müssen, gab nun die französische Supermarktkette Casino bekannt, dass sie zwischen 1.300 und 3.200 Stellen abbauen will, um ihre finanzielle Lage zu verbessern. Das Unternehmen kündigte an, es werde sich am 6. Mai mit Gewerkschaften und anderen Interessengruppen beraten, um Pläne zum Schutz der Mitarbeiter vorzustellen. ...
Euronews (German)
Casino said this week it would be making the job cuts to improve its financial situation - and said it would refocus its business on convenience stores instead. Meanwhile, the group said it would consult with unions and other stakeholders on 6 May to unveil plans to safeguard most of the nearly 30,000 people it employs in France. Shares in the retailer are down 96% year-to date but investors responded positively to the update, liftings its stock by about 5%. In a separate statement, Casino said it will also implement a reverse share split of its share capital through the exchange of 100 existi...
Euronews (English)
French retail company Casino on Wednesday said it had a net loss of €2.6 billion ($2.8 billion) in 2023 from continuing operations in Group share, compared to a loss of €185 million the previous year. This is notably reflecting the increase in financial expenses and impairment of Monoprix and Franprix assets in connection with the new November 2023 business plan. Loss per share from continuing operations was €24.17 compared to a loss of €2.15. Underlying net loss, Group share, was €1.45 billion compared to a loss of €323 million, prior year. Underlying loss per share was €13.93 compared to a l...
DPA Breaking News
French retail company Casino reported that the Paris Commercial Court approved the accelerated safeguard plans to bail out the company and some of its subsidiaries. The company said that in the absence of a suspensory appeal, it is anticipated that all transactions provided for in the financial restructuring will be completed on March 27. Casino said the implementation of share capital increases planned as part of the financial restructuring will result in massive dilution for existing shareholders and Rallye will lose control of the company to the benefit of the consortium.
DPA Breaking News
New York (AFP) - The former jewel in the crown of Donald Trump's bankrupted Atlantic City casino empire was demolished Wednesday with 3,000 sticks of dynamite. The detonator button was pressed shortly after 9:00 am (1400 GMT), reducing the Trump Plaza Hotel and Casino to a pile of rubble in just a few seconds. Closed since 2014, the casino was Trump's first property in the US coastal gambling town in which he came to own several properties. It opened in 1984 and has undergone little to no maintenance since shuttering. On several occasions during storms, pieces of its exterior have fallen onto...
AFP
Warren Buffett has made no secret about how he feels about gambling, and he especially warns investors against treating the stock market like a massive casino. From time to time, he has warned against taking on margin debt, or buying stocks with borrowed money, and piling on exotic investments.Q3 2020 hedge fund letters, conferences and moreGambling in the stock marketIn an interview with CNBC in February 2018 (via USA Today), he said many people "like to gamble in the stock market." He described such a habit as "insane," adding, "To risk starting all over again and losing everything is madnes...
ValueWalk
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