Casino Group: Casino Group has signed agreements to sell 20 A la Bonne Heure and Coeur de Blé restaurants to Crescendo Resta...
October 17 2019 - 1:41AM
Casino Group: Casino Group has signed agreements to sell 20 A la
Bonne Heure and Coeur de Blé restaurants to Crescendo Restauration
Group
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.
The sale is expected to be largely completed at
the end of 2019, subject to the usual conditions precedent.
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 17Or+33 (0)1 53 65 24 17 -
IR_Casino@groupe-casino.fr
PRESS CONTACTS:
Casino Group – Direction of
CommunicationStéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6
26 27 37 05Or+33(0)1 53 65 24 78 -
directiondelacommunication@groupe-casino.fr
Agence IMAGE 7Karine ALLOUIS -
kallouis@image7.frGrégoire 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.
***
- 2019-10-17 - Casino Group has signed agreements to sell 20 A la
Bonne Heure and Coeur de Blé restaurants to Crescendo Restauration
Group
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