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    Home > Finance > Casino and its former CEO to stand trial over price manipulation, corruption in France
    Finance

    Casino and its former CEO to stand trial over price manipulation, corruption in France

    Published by Global Banking & Finance Review®

    Posted on October 1, 2025

    2 min read

    Last updated: January 21, 2026

    Casino and its former CEO to stand trial over price manipulation, corruption in France - Finance news and analysis from Global Banking & Finance Review
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    Tags:retail tradecorporate governancefinancial crisisInvestment management

    Quick Summary

    Casino Group and ex-CEO Naouri face trial in Paris for price manipulation and corruption, amid a major company restructuring.

    Table of Contents

    • Trial Overview and Allegations
    • Accusations Against Naouri
    • Company's Response and Restructuring
    • Involvement of Other Executives

    Casino Group and Ex-CEO Naouri Face Trial for Price Manipulation

    Trial Overview and Allegations

    PARIS (Reuters) -French supermarket group Casino and its former chief executive, Jean-Charles Naouri, will stand trial in Paris on Wednesday over accusations of price manipulation and corruption.

    Accusations Against Naouri

    Prosecutors have alleged that Naouri paid a publisher in 2018-2019 to release information defending Casino in a bid to bolster the share price, which had tumbled in 2018 due to concerns over its debt.

    Company's Response and Restructuring

    Prosecutors allege that Naouri tried to spread speculation among business media that rival retailer Carrefour was considering a hostile takeover of Casino.

    Involvement of Other Executives

    Naouri has denied the charges.

    Casino Group, the company that owns Casino and Monoprix supermarkets, and which Naouri headed for decades, has also been accused of active corruption and price manipulation.

    In addition to Naouri, three other former company executives and the publisher Nicolas Miguet are standing trial.

    Naouri left the company last year, when it came under the control of a consortium led by Czech billionaire Daniel Kretinsky. It has launched a drastic restructuring.

    The group, which also owns Franprix and Naturalia stores, said that it had sold 366 stores in 2024 and that it planned to slash 3,200 jobs.

    A Carrefour spokesperson told Reuters that no one representing the group would attend the trial and declined to comment.

    (Reporting by Florence Loeve; Writing by Makini Brice; Editing by Louise Heavens)

    Key Takeaways

    • •Casino Group and ex-CEO Naouri face trial in Paris.
    • •Allegations include price manipulation and corruption.
    • •Naouri allegedly paid for favorable media coverage.
    • •Casino Group is undergoing major restructuring.
    • •Carrefour denies involvement in the trial.

    Frequently Asked Questions about Casino and its former CEO to stand trial over price manipulation, corruption in France

    1What is price manipulation?

    Price manipulation refers to the act of artificially inflating or deflating the price of a security or asset to mislead investors and influence market behavior.

    2What is active corruption?

    Active corruption involves the act of offering, giving, receiving, or soliciting something of value to influence the actions of an official or other person in charge.

    3What is a hostile takeover?

    A hostile takeover occurs when an acquiring company attempts to take control of a target company against the wishes of the target's management.

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