Casino's

PARIS— Groupe Casino Monday raised the prospect of legal action against rival Carrefour SA, intensifying the standoff between the two French retail giants after Carrefour's board approved a controversial plan to merge its Brazilian assets with Casino's Brazilian partner, Pão de Açúcar.

Casino Steps Up Brazil Battle Christina Passariello 2011

Casino's shares closed up 1.5% in Paris trading Monday, at €66.56, while Carrefour fell 1.7% to €27.69.

Casino Steps Up Brazil Battle Christina Passariello 2011

Business & Finance Casino raised the prospect of legal action against rival Carrefour, amplifying the hostile standoff between the two French retail giants after Carrefour's board approved a controversial plan to merge its Brazilian assets with Casino's Brazilian partner.

What's News— 2011

A 6% fall in Casino's share price Tuesday compared with a 4% rise in Carrefour's reflects how this battle is likely to play out.

Carrefour Strikes First in Brazilian Grocery War Renée Schultes 2011

Casino raised the prospect of legal action against rival Carrefour, amplifying the hostile standoff between the two French retail giants after Carrefour's board approved a controversial plan to merge its Brazilian assets with Casino's Brazilian partner.

What's News— 2011

Casino reminded Carrefour that it "may be held liable" for engaging in a hostile transaction with Casino's Brazilian retail partner.

Europe Markets Eke Out Mild Gains Ishaq Siddiqi 2011

Because only two Las Vegas sports books—the Golden Nugget's and the M Casino's, run by Cantor Gaming—offer the betting lines so early, and because so little is known about teams at this early stage, knowledgeable bettors say there are under- and overrated teams to be exploited.

An Early Way to Beat the Odds Darren Everson 2011

In France, where discount chains hold greater sway, Casino's French operating margins have fallen over 100 percentage points in the past year; those at Tesco's U.K. division have risen for the past five years.

Tesco's Bloodless Price Battle Hester Plumridge 2011

But while Gama and CBD need Casino's consent to merge, the French company's options may be limited.

Carrefour Strikes First in Brazilian Grocery War Renée Schultes 2011

Analysts said the deal would be of considerable value to Carrefour, but noted the Brazilian bank's apparent reluctance to proceed suggests Casino's position is crucial.

Casino Steps Up Brazil Battle Christina Passariello 2011