Groupe Casino Wikipedia
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In April, the company announced the sale of Big C Vietnam to Central Group for 1 Billion dollars. Threatened by serious cash flow problems, it was bought back in 1991 by Jean-Charles Naouri and his investment company, Euris. Antoine Guichard, the last family manager of Casino Group, did not want to give up the presidency of the company. A joint company was then created for the development of hypermarkets in the Asian South-East and particularly in Taïwan where a first hypermarket opened in 1998.
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Back then, the company owned around 90 retail outlets, all self-service, and implanted mainly in California. The Group took over the chain Thriftimart, Inc. stores which then became Smart & Final Iris. It opened its first two stores in 1978 in Toulouse Fenouillet and in Clermont le Brézet. A few months later, four new stores opened in Nice, Saint-Étienne, Firminy and Lyon. In 1957, Casino opened its first supermarket in Nice, under the brand Nica.
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