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- Rallye In the early 1990s, Jean-Charles Naouri shifted his investment strategy from opportunistic to acquiring strategic stakes. As part of this new strategy, in 1991 he acquired the Brittany-based retailer Rallye, which at the time was facing serious cash flow issues/challenges.
- Casino Chairman and Chief Executive Naouri in May placed the retailer's parent companies Rallye, Finatis and Fonciere Euris under protection from creditors in a bid to save the group from collapse. Under that safeguard procedure the servicing of bank and bond debt was suspended for at least six months while the group worked to reorganise its.
- Casino is the object of a fierce fight between Mr. Naouri's holding company Rallye SA and another French retail chain Promodes SA, which has made a hostile bid valuing Casino at 27.8 billion.
- Shares in indebted French supermarket group Casino and its parent Rallye were suspended on Thursday pending a statement, fuelling speculation of a debt restructuring that could weaken the grip of retail kingpin Jean-Charles Naouri. Prior to the suspension, shares in Casino, which is grappling with tough.
Jean-Charles Naouri,
Chairman and Chief Executive Officer
of Groupe Casino
Finally, Jean-Charles Naouri will propose to the Board of directors of Casino, Guichard Perrachon to submit to the next general meeting of shareholders a resolution in view of the appointment of a.
Jean-Charles Naouri (born March 8, 1949 in Bône (now Annaba), Algeria, is a French entrepreneur who is currently Chairman, Chief Executive Officer and controlling shareholder of Groupe Casino.
Education
At 14, Mr Naouri was awarded first prizes for top scores on both the Latin and Greek exams in France’s national concours général competition for high school students. At 15, he passed his baccalauréat exam with highest honours, and in 1967, he ranked first in the nationwide entrance examination to the École normale supérieure (Mathematics). He then earned a PhD in Mathematics in just one year. Mr Naouri also attended Harvard University and the Ecole Nationale d’Administration (ENA), where he graduated from in 1976.
Early career
Civil servant
After graduating from ENA in 1976, Mr Naouri joined the Inspection des finances, the auditing and supervisory body of the French Administration. From 1982 to 1986, he served as chief of staff for Pierre Bérégovoy, both at the Ministry of Social Affairs and National Solidarity and the Ministry of Economy, Finance and Budget. During this period, he was the architect of the reforms implemented in the French financial markets, which included the creation of the MATIF futures and MONEP options markets and the introduction of certificates of deposit and commercial paper. In particular, he helped drive the financial market liberalization with measures to ease currency controls and eliminate credit restrictions.
Rothschild & Cie Banque
In 1987, Mr Naouri left government service and joined Rothschild & Cie Banque as Managing Partner. Around the same time, he established his own investment fund, Euris, which acquired minority equity investments in industrial companies, while rapidly increasing its investment capabilities.
Global retailing
Rallye
In the early 1990s, Mr Naouri shifted his investment strategy from opportunistic to acquiring strategic stakes. As part of this new strategy, in 1991 he acquired the Brittany-based retailer Rallye, which at the time was facing serious cash flow issues/challenges. Convinced of the future potential for retailing and the benefits of combining the two companies, in 1992 he engineered a merger of Rallye with Groupe Casino, thereby becoming Groupe Casino’s largest shareholder.
Groupe Casino
In 1997, a hostile takeover bid for Groupe Casino by rival retailer Promodès was thwarted by the successful counter offer from Jean-Charles Naouri, the Guichard family and Casino management, thereby maintaining the Group’s independence.
In March 2005, Mr Naouri became Chairman and Chief Executive Officer of Casino Group, leading a substantial transformation of the retailer’s profile by disposing of underperforming business segments in Poland, the United States, Taiwan and the Netherlands and strengthening the Group’s presence in fast-growing markets. This made Casino the leading food retailer in South America (especially Brazil and Colombia), the Indian Ocean and Vietnam and the second largest in Thailand.
In France, Mr Naouri has refocused French operations in the convenience format segment, Groupe Casino’s core business, and also positioned Casino in the discount segment by developing the Leader Price chain and the Cdiscount e-commerce website acquired in 2000.
In 2012, Groupe Casino acquired a controlling interest in Brazilian retailer Pão de Açúcar, the country’s largest private-sector employer. The Group also purchased the 50% of French retailer Monoprix, which it did not already own, becoming the sole shareholder.
Social responsibility commitment
In addition to his business activities, Jean-Charles Naouri is also the founder of the Euris Foundation, which he created in 2000. Each year, the Foundation grants 40 scholarships to promising high school graduates from impoverished neighbourhoods in France.
Naouri Casino Rallye Casino
He is also Vice Chairman of the Groupe Casino corporate foundation, which he founded in 2009 to improve access to culture and knowledge for children who are disadvantaged or suffering from illness.
In addition, he is Honorary Chairman and Trustee of Ecole Normale Supérieure’s Institut d’Expertise et de Prospective, which is responsible for developing ties between the school and the corporate world.
In June 2013, Mr. Naouri was appointed by France’s Ministry of Foreign Affairs to be a special representative for Economic relations with Brazil.
Naouri Casino Rallye Entertainment
Main Executive Positions
- Chairman and Chief Executive Officer of Casino, Guichard Perrachon (listed company)
- Chairman of Euris
Positions within the Casino/Euris Group as of 8 March 2016
- Chairman of the Board of Directors of Rallye (listed company)
- Chairman and member of the Board of Directors of Companhia Brasileira de Distribuição (listed company – Brazil)
- Chairman and Chief Executive Officer of Casino Finance
- Vice-President of Fondation d’Entreprise Casino
- Chairman of Fondation Euris
Positions outside the Casino/Euris Group
- Director of Financière Marc de Lacharrière (Fimalac) (listed company)
- Chairman of Association Promotion des Talents, a non-profit organisation
- Honorary Chairman and Director of the Institut de l’Ecole Normale Supérieure
Official photos of Jean-Charles Naouri
Jean-Charles Naouri | Jean-Charles Naouri | Jean-Charles Naouri |
Jean-Charles Naouri | Jean-Charles Naouri | Jean-Charles Naouri |
Jean-Charles Naouri is chairman and CEO of Casino, a French food retailer with $43 billion in annual revenue and more than 12,000 stores globally. With a net worth of over $1 billion, much of Naouri’s wealth comes from his substantial stake in both Casino and Groupe Go Sport, a sporting goods retailer.
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Jean-Charles Naouri began his career as a finance auditor at the French Treasury. Later, in 1987, Naouri became a managing partner at Rothschild & Cie Banque and started his own investment fund, which became the controlling shareholder in retailer Rallye in 1991. Naouri acquired controlling shares in Casino after it merged with Rallye in 1998.
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Jean-Charles’s son, Gabriel Naouri, is an entrepreneur and was previously deputy head of international operations of Groupe Casino until 2017. Jean-Yves Naouri, brother of Jean-Charles, is a political advisor and former chief operating officer of Publicis, the French multinational advertising and public relations company.