Mr Naouri's five-tiered structure has looked increasingly unstable this year as the value of Casino's stock has tumbled, damaging its foundations and putting Rallye in the uncomfortable position.
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One fund manager betting against Casino’s shares says that Mr Naouri was the cleverest financial architect in France, but that his “great mistake” was going into mass retail. “If he had.
Casino and its Chief Executive Officer, Jean-Charles Naouri, deserve credit for tackling some of the issues that have been catnip to short-sellers. Although short interest remains at 16 percent, many investors have noticed the changes. The shares are up more than 20 percent this year. But there’s an argument for caution.
Casino said the retailer’s chief executive, Jean-Charles Naouri, and his counterpart at Carrefour, Alexandre Bompard, had met in Paris on September 12. After that meeting, the chief executives.
Latest Finatis SA (FNTS:PAR) share price with interactive charts, historical prices, comparative analysis, forecasts, business profile and more.
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The financial press moved on. Mr Naouri, not Mr Block, was proved the smarter man. Or was he? While it has not garnered much press attention, Casino’s share price has quietly slid back to levels.