Casino agrees with Auchan, Les Mousquetaires on sale of its big stores

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PARIS, Jan 24 (Reuters) – French retailer Casino on Wednesday said it had reached agreements with Auchan Retail and Intermarche parent company Groupement Les Mousquetaires on the sale of “almost all” of its hypermarkets and supermarkets.

It added that these agreements provide for the sale of 288 stores (and the service stations attached to these stores), based on an enterprise value of between 1.3 billion and 1.35 billion euros ($1.42 billion to 1.47 billion).

The disposals will take place in the second quarter of 2024, after consultation with unions, the company said.

The operation is set to leave Casino with upmarket brand Monoprix as well as Franprix, which also focuses on city-centre stores.

Casino also said Groupement Les Mousquetaires and Auchan have undertaken to take over the employment contracts of staff assigned to the transferred stores and service stations, and to maintain existing labour agreements for 15 months.

Les Mousquetaires (LM) and Auchan said in a joint statement that LM would take over 190 stores and Auchan 98 stores. They added that the operation would safeguard 12,000 jobs in the stores and would be finalised in the coming months.

In a separate statement, retailer Carrefour said it had started exclusive negotiations with Groupe Intermarche to acquire 31 stores which generated sales of around 400 million euros in 2022. It gave no detail on the price.

It added it had also committed to maintain all employees working in the stores and their social benefits for a minimum period of 15 months.

The restructuring of the debt-ridden French retailer by a consortium led by Czech billionaire Daniel Kretinsky will massively dilute current shareholders and will end the 30-year reign of Jean-Charles Naouri, who controls Casino through his listed holding company Rallye.

Kretinsky’s consortium will own and control 53.7% of Casino‘s share capital under the deal, which calls for 1.2 billion euros of new money to be injected into Casino, as well as a 6.1 billion euro reduction of Casino’s debt.

Casino stock was suspended ahead of the statement. It closed at 0.6 euros on Tuesday, following a years-long slide that took it down from around 23 euros at the end of 2021 and 96 euros per share mid-2014. It traded as high as 114 euros at the end of 1999.

($1 = 0.9167 euros) (Reporting by Geert De Clercq, editing by Tassilo Hummel and David Evans)

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Trump says claims over his Epstein relationship ‘thoroughly debunked’

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Any suggestion Donald Trump’s relationship with Jeffrey Epstein was inappropriate been ‘thoroughly debunked’ by the bombshell unsealing of the first batch of new evidence, his campaign said Thursday. 

The former president is mentioned in the explosive 1,000  pages of documents released Wednesday in a defamation case brought by accuser Virginia Giuffre against his madam Ghislaine Maxwell. 

But even though his name appears, the material does not implicate him in the pedophile financier’s debauchery or crimes. 

Trump and Epstein were friends in the 1990s. He flew on Epstein’s plane, dubbed the ‘Lolita Express’ at least four times and called him a ‘terrific guy’ 

A newly unsealed deposition by Johanna Sjoberg, an Epstein ‘victim’ who was allegedly recruited to work as a massage therapist, recalled meeting Trump during her visit to Atlantic City. 

Any suggestion Donald Trump had an inappropriate relationship with pedophile Jeffrey Epstein have been ‘thoroughly debunked,’ his campaign said Thursday after the release of a trove of new evidence. The former president is pictured with Epstein, Maxwell, and then-girlfriend Melania Trump at Mar-a-Lago in February 2000  

 She discussed a visit to a Trump Atlantic City Casino after a storm kept Epstein’s plane from landing in New York. It was her first time aboard Epstein’s plane.

But her interview contains no suggestion Trump did anything inappropriate or visited Epstein’s private island, Little Saint James, where numerous orgies were alleged to have taken place.

Sjoberg even states that she did not give Trump a massage when asked.

‘We left from Palm Beach and landed in Atlantic City for a few hours because there was a storm in New York, and then got back on the plane a 10 few hours later and landed in Teterboro,’ said Sjoberg, 42.

‘Jeffrey said, ‘Great, we’ll call up Trump and we’ll go to’—I don’t recall the name of the casino, but—’we’ll go to the casino,’ Sjoberg said in her deposition, taken at a lawyer’s office in Florida in 2016. She spoke amid Virginia Giuffre’s suit against Epstein’s jailed accomplice Ghislaine Maxwell, who is serving time for sex trafficking.

She said Giuffre (formerly Roberts), who was traveling with them, couldn’t go into the Casino.

‘She was underage. I did not know anything about how old you had to be to gamble legally. I just knew she could not get in because of an ID issue. So she and I did not gamble.’

The ended up walking around the casino because Giuffre either ‘didn’t have an ID or she was too young.’ 

She was also asked if she ever massaged Trump, and responded, ‘No.’ 

In came in the same deposition where the alleged victim claimed Prince Andrew groped her breast with a puppet.

Trump spokesman Steven Cheung issued only a brief comment to Newsweek following the release, and the Trump camp did respond to requests for further comment from DailyMail.com. 

Johanna Sjoberg’s unsealed deposition mentions a trip to Trump’s Atlantic City casino after a flight on Epstein’s jet

Sjoberg also described an encounter with Prince Andrew (center) during Trump’s visit to Westminster Abbey

Sjoberg responded ‘no’ to whether Trump had asked her for any sexual favors or if she’d ever massaged him

Donald Trump and Epstein are pictured together at Mar-a-Lago in 1997

Epstein’s infamous Palm Beach villa was located just 1.5 miles from Trump’s Mar-a-Lago resort.

The two men were friends in the 90s, and Trump flew on Epstein’s plane, dubbed the ‘Lolita Express’ at least four times.

He was also quoted speaking about Epstein favorably in a 2002 New York Magazine profile of Epstein that attempted to take stock of the high-flying money manager who traveled in top social circles and ran his business out of a private island in the Caribbean.  

‘I’ve known Jeff for 15 years. Terrific guy,’ Trump told the magazine. ‘He’s a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side. No doubt about it – Jeffrey enjoys his social life.’

Trump also commented on Epstein from inside the Oval Office back in 2019, when the financier was facing charges for sexual abuse.

‘Well I knew him, like everybody in Palm Beach knew him,’ Trump said. 

The people in Palm Beach knew him. He was a fixture in Palm Beach,’ Trump continued. ‘I had a falling out a long time ago with him,’ Trump said. ‘I don’t think I’ve spoken to him in 15 years.’

‘I wasn’t a fan … I was not a fan of his, that I can tell you,’ Trump added, without directly answering a question about the reason for the falling out.

Donald TrumpVirginia Roberts GiuffreNew York

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