Retailer Casino's Franprix and Cdiscount arms join up on Paris express delivery [Reuters]
CASINO GHRD PRCN S/ADR (CGUSY)
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Source: Reuters
Retailer Casino's Franprix and Cdiscount arms join up on Paris express delivery PARIS, May 22 (Reuters) - Casino’s supermarket chain Franprix and its ‘Cdiscount’ E-commerce unit unveiled plans to pool their respective expertise in city center convenience stores and E-commerce to attract more clients and boost sales. The plan is for Franprix and Cdiscount to offer from September onwards the delivery within 30 minutes to Paris shoppers’ doors of a selection of food and non-food items. There will also be Cdiscount corners within Franprix stores to offer exclusive household electrical equipment and high tech products as well as selection of wines. The partnership comes with Casino in the process of selling assets to cut its debts and allay investors’ concerns over the financial position of both Casino and its parent company Rallye . Casino has vowed to boost profits and cash flow in its core French market, and it is also hoping to generate 1 billion euros ($1.1 billion) from the sale of g
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