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“As I leave office that has occupied every second of my life and energy for more than three decades, I want to express my deep respect and unwavering thanks for all that you have accomplished.” On the eve of leaving Casino, Jean-Charles Naouri opened his mouth in a letter to the group's employees. “Once again, thank you!”, he added in handwriting and blue ink. At 75 years old, the manager does not wish to dwell on the reasons for this departure: the risk of bankruptcy of his group. “As you know, a certain number of elements and events forced me to make difficult decisions,” summarizes the CEO, who controlled 51% of Casino via a cascade of holding companies. The group came under the control of a consortium led by Czech billionaire Daniel Kretinsky on Wednesday evening.
“In 1992, when I decided to build a modern distribution group, I wanted Casino to bring the values of social progress, innovation and anticipation to life everywhere and for everyone,” recalls the CEO. With each of you, I am proud to have been able to write this story which is unlike any other. More than 32 years later, I fully and deeply understand that this story, its successes and the strength of our emblematic brands, owe to the daily commitment of each and every one of you.” “I am completely aware that the current context is difficult for most of you,” underlines Jean-Charles Naouri, without revealing to what extent he himself is affected by the situation.
