Casino Restauration France

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October 17th, 2019

Casino Group has signed agreements to sell 20 'A la Bonne Heure' and 'Coeur de Blé' restaurants to Crescendo Restauration Group

Casino Group announced today that it has signed agreements to sell to Crescendo Restauration Group 20 restaurants under 'A la Bonne Heure' and 'Coeur de Blé' banners and the real estate of 6 restaurants operated by franchisees.

The agreements signed represent a total amount of approximately €20 million.

They provide for the continuation of the employment contracts of the restaurants’ employees, in accordance with legal rules.

France

Casino Restauration France Des

The sale is expected to be largely completed at the end of 2019, subject to the usual conditions precedent.

Casino Restauration France Map

Created in 1992 by Christopher Shafroth, Crescendo Restauration opened its first restaurant in La Teste de Buch, Gironde, and now has 80 restaurants, operated under four banners: 'Crescendo', 'Jules & John', 'Chez Jules' and 'Les Comptoirs d'Alice'.


CASINO GROUP

ANALYST AND INVESTOR CONTACTS:

Régine GAGGIOLI - rgaggioli@groupe-casino.fr - +33 (0)1 53 65 64 17
Or
+33 (0)1 53 65 24 17 - IR_Casino@groupe-casino.fr

PRESS CONTACTS:

Casino Restauration France Paris

Casino Group – Direction of Communication
Stéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05
Or
+33(0)1 53 65 24 78 - directiondelacommunication@groupe-casino.fr

Agence IMAGE 7
Karine ALLOUIS - kallouis@image7.fr
Grégoire LUCAS - gregoire.lucas@image7.fr
- 33(0)1 53 70 74 84

Disclaimer

This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgement. All opinions expressed herein are subject to change without notice.

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Starbucks Coffee Company and Casino Restauration (subsidiary of Groupe Casino) today announce a licensed partnership that will open Starbucks stores within Géant Casino Hypermarkets and Casino Supermarkets across France. The first store is expected to open before the end of 2015.

Casino Restauration will be operating full format Starbucks stores alongside Groupe Casino’s grocery sites, offering an unexpected oasis in the busy supermarket setting. Customers will be able to enjoy the full range of Starbucks drinks and food, served by expertly-trained baristas.

Kris Engskov, president, Starbucks EMEA says: “This new partnership with Casino Restauration means we can deliver a quality Starbucks experience to many more people in convenient locations across France. Casino Restauration has the perfect network and local expertise to deliver this new growth in the hypermarkets and supermarkets right across the country, where our customers want us to be. We’re excited to be working together to build beautiful stores and to bring great coffee to more customers in France.”

William Charles CEO of Casino Restauration says: “For more than 40 years, Casino Restauration has been deeply committed to maintaining a constant focus on quality and to fostering continuous innovation to adapt to consumers’ changing tastes, eating habits and expectations. Known throughout France and resolutely committed to offering balanced nutrition at an affordable price, Casino Restauration has been serving families in a friendly atmosphere. We are happy to share our knowledge and working closely with Starbucks to spread the Starbucks stores in our Géant Casino Hypermarkets and Casino Supermarkets in France”.

Starbucks stores will be full store formats within Groupe Casino grocery locations, making premium coffee more accessible for customers and providing an even better shopping experience for many customers across France. The stores will be operated by Casino Restauration, the restaurant operating arm of Groupe Casino. At the moment there are over one hundred Starbucks stores in France out of a total 2200 stores across the Europe, Middle East, and Africa (EMEA) region.

In France, Groupe Casino currently runs 10 416 stores included 127 Géant Casino hypermarkets and 444 Casino Supermarkets.