Jean Charles Naouri, CEO and chairman of the French mass retailer Groupe Casino, has verified that the company is entering into an international partnership with the world’s leading online grocery retail provider, Ocado Solutions. The signing of the agreement gives way to much anticipation from the public as the two retail giants move forward with exciting new changes expected.
During a meeting for the announcement of annual results of groupe Casino at the beginning of march in Paris, Jean Charles Naouri stated that the venture is a major leap where quality is concerned and that 50,000 food items will be available for the greater Paris customers in the first phase alone. Precise and speedy delivery are also promised. He expressed his great pleasure in regards to the long-term commitment that is to last for 120 years.
The global purchasing agreement partnership will officially develop into what will be officially called the Ocado Smart Platform in France. The deal is being hailed as a stepping stone for margin improvements in France according to Deutsche Bank expectations. Groupe Casino EPS estimates are even being raised by 4% on average following the announcement. French purchasing power is expected to be empowered as well.
Jean Charles Naouri is no stranger to global retailing. In the 1990’s the French businessman shifted his focus from Rothschild & Cie Banque, where he was a Managing Partner, to acquiring strategic stakes in the worldwide market. By 1992, he was Groupe Casino’s largest shareholder.
When Groupe Casino was threatened by a hostile takeover, it was Jean Charles Naouri, Casino management and the Guichard family who saved the day. Since then, he has led the company to progress such as in the purchase of 50% of the French retailer Monoprix as well as in successful global moves as well.
Jean Charles Naouri holds to a strong commitment in social responsibility. He is the founder of the scholarship granting Euris Foundation that provides grants to 40 high school graduates from impoverished neighborhoods every year. He is also the founder of a Groupe Casino corporate foundation that strives to improve the lives of disadvantaged children who are inflicted with illness.
The positive changes brought about by the new partnership are expected to benefit the public as well as the two businesses involved which is in keeping with Jean Charles Naouri’s heart for the people. The shift to accommodate the trend in online and offline shopping will provide consumers with convenient, expansive and efficient service in their innovative e-shopping experience.
To find out more about the Ocado Smart Platform, visit the Groupe Casino website at https://www.groupe-casino.fr/en/