Heavily-indebted French retailer Casino said on Thursday that its sales growth slowed in the first quarter, fuelling further concerns over its ability to generate cash and sending its shares down as much as 15%.
Read the full article on the Reuters website
NAM Implications:
- With volume sales down…
- …and offering price-cuts…
- …Casino is in no position to improve its appeal to the stock market.
- Making it a takeover opportunity?
- Suppliers will hopefully have conducted their own exposure checks?
