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A week on from the release of a scathing report that declared it was unsuitable to take back control of its lucrative Sydney casino licence, the company’s board confirmed it was in talks over its short-term financial position „in light of adverse trading and other conditions”. The probe was launched after the prosecutor’s office was alerted by France’s AMF market watchdog, a source had told Reuters. In March last year, the national financial prosecutor first revealed details of the investigation being launched in February 2020.
July 18 (Reuters) – French supermarket group Casino on Thursday confirmed that it is the subject of a preliminary investigation by France’s national financial prosecution office over charges of price manipulation and corruption dating back to 2018 and 2019. „To improve our economic performance, we have begun streamlining our store network: closing unprofitable stores, converting integrated sites to franchises, carefully selecting our new franchise partners and opening new stores with high potential,” recently appointed CEO Philippe Palazzi said in a statement.
BY THE NUMBERS (Key data points) In late March, Casino completed its financial restructuring and a new leadership team was appointed by a consortium led by Czech billionaire Daniel Kretinsky, ending the 30-year reign of the company’s owner, Jean-Charles Naouri. A Red Rock spokesperson confirmed the encounter occurred at the Las Vegas property but declined to provide any details. _____ This story has been corrected to say that the site of the encounter was the Red Rock Casino Resort and Spa, not the Red Rock Resort and Casino.
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The arrest order, signed by the Senate president on Friday and to be carried out by the Senate’s sergeant-at-arms, came after the mayor, Alice Guo, failed to appear for a second consecutive hearing on Wednesday, citing stress. Mosiac, the struggling company that owns womenswear brands Noni B, Katies, Autograph and more, said on Friday it needed to resolve a number of matters prior to the finalisation of its results and anticipated lodging them by the end of September.