Casino Restauration France
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.
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The agreements signed represent a total amount of approximately €20 million.
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SAINT ETIENNE, France. Size: 501 to 1000 Employees. Industry: Casual Restaurants. Revenue: $100 to $500 million (USD) Competitors: UNKNOWN. Since its origins, Casino Restauration creates and design inventive catering to meet new customer habits. Casino Restauration is the only actor to be present on almost all. Casino Restauration. France, Asia, Indian Ocean - Disposals in Eastern Europe, USA, Latam, Indian Ocean for a cumulated amount higher than 2.4 Bn€, acquisition. 1 review of Casino Restauration 'Food is good for a supermarket and cheap self service the restaurant is even open on Sunday'.
The Bourbon Restoration was the period of French history following the first fall of Napoleon in 1814 and his final defeat in the Hundred Days in 1815, until the July Revolution of 1830. The brothers of the executed Louis XVI, namely Louis XVIII and Charles X, successively mounted the throne and instituted a conservative government aiming to restore the proprieties, if not all the institutions. Retail outlets in France; Casino Restauration; Restaurant chains in France; Casino Restauration. History Talk (0) Share.
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.
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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'.
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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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