Casino, Guichard-Perrachon S.A.'s Chapter 15 case is closed, having served its narrow purpose as an ancillary recognition proceeding tied to a court-supervised financial restructuring conducted in France. The French food-and-general-merchandise retailer and several affiliated debtors — including Casino Finance S.A., Monoprix S.A.S., Distribution Casino France S.A.S., Quatrim S.A.S., Segisor S.A.S., and Casino Participations France S.A.S. — filed parallel Chapter 15 petitions in the Southern District of New York on February 15, 2024, seeking recognition of French conciliation and safeguard proceedings as foreign main proceedings (Chapter 15 PetitionDkt. 1). The filings followed an adverse economic environment since 2022, weak operating performance, and mounting indebtedness that pushed the group into a court-supervised restructuring in its home jurisdiction, supported by pre-filing deleveraging moves including the sale of equity interests in Exito and Sendas Distribuidora.

Foreign representative Alexis Ravalais moved immediately for recognition and related relief, supported by declarations from Ravalais and French counsel Anne-Sophie Noury describing the French proceedings and the group's multi-format retail footprint spanning more than 12,000 stores across France and Latin America (Motion for RecognitionDkt. 3). The court set an evidentiary recognition hearing for March 21, 2024 (Scheduling OrderDkt. 8) and, on March 14, 2024, entered an order granting recognition of the foreign main proceedings and the requested related relief (Order Granting RecognitionDkt. 15).

With recognition secured, the Chapter 15 cases moved quickly to conclusion. The foreign representative filed a final report and motion to close on April 26, 2024 (Final Report / Motion to CloseDkt. 25), and Judge David S. Jones signed an order closing the Chapter 15 cases on June 4, 2024 (Order Closing Chapter 15 CasesDkt. 29). The U.S. proceeding did not administer assets or confirm a plan; the substantive restructuring — addressing a capital structure that included secured Quatrim bonds (5.875%, January 2024 maturity), a TLB loan, and an unsecured debt load reflected in roughly $6.1 billion of scheduled claims — was carried out through the French process that the Chapter 15 cases were opened to recognize and support.