In the spirit of mutual respect, M. Abilio Diniz, Chairman of Grupo Pão de Açúcar,
and Jean-Charles Naouri, Chairman of Groupe Casino, have agreed to settle their
differences and to bring their partnership to a mutually beneficial conclusion so that
each leader is free to move on to realize new opportunities.
This is an important moment in Brazilian commercial history since it has now been
exactly 65 years – September 7th, 1948 – since the Diniz family founded the Grupo
Pão de Açúcar, the largest retailer in Brazil.
Abilio Diniz wishes much success to Mr. Naouri and to Groupe Casino. He expresses his fervent hope that the Grupo Pão de Açúcar will continue to grow through its people, its culture and its values, contributing to the development of the country.
Jean-Charles Naouri expresses his gratitude for all the many contributions of Mr. Diniz and his family and wishes him much success in his future endeavors. Mr. Naouri looks forward to keep growing GPA for the benefit of its customers, employees, shareholders and the Brazilian society.
Régine GAGGIOLI – Tel: +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
or
+33 (0)1 53 65 64 18
IR_Casino@groupe-casino.frGROUP EXTERNAL COMMUNICATION DEPARTMENT
PRESS CONTACTS
Aziza BOUSTER
Tel: +33 (0)1 53 65 24 78
Mob: +33 (0)6 08 54 28 75
abouster@groupe-casino.frIMAGE 7
Grégoire LUCAS
Tel: +33 (0)6 71 60 02 02
glucas@image7.fr