Casino’s share price collapsed c.10% on Friday evening after the US short seller Muddy Waters said on Twitter that one of Casino’s subsidiaries (the finance unit of the retailer) had not filed its 2017 accounts. This news raised fresh concerns about the company’s financial health, which has already been struggling with pressing issues such as high leverage, increasing competition in France and weakening LatAm currencies (although the operations remain healthy). The company&r
03 Sep 2018
Debt pressure is surmounting
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Debt pressure is surmounting
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
03 Sep 2018 -
Author:
Nishant Choudhary -
Pages:
3
Casino’s share price collapsed c.10% on Friday evening after the US short seller Muddy Waters said on Twitter that one of Casino’s subsidiaries (the finance unit of the retailer) had not filed its 2017 accounts. This news raised fresh concerns about the company’s financial health, which has already been struggling with pressing issues such as high leverage, increasing competition in France and weakening LatAm currencies (although the operations remain healthy). The company&r