Facing the looming threat of ecommerce giant Amazon’s automated stores, French grocery chain Casino has opened its first cashier-free location in Paris.

In the summer of 1973, one of the greatest roulette scams took place at the Casino Deauville in France. It involved a radio amateur (who was also a casino roulette dealer), his brother-in-law, and his beautiful sister. The dealer created a radio transmitter which fit perfectly into a pack of cigarettes. The logo 'Le 4 Casino' is seen outside a high-tech store of supermarket retailer Casino in Paris, France, October 4, 2018. Chair and CEO of the Casino Group, in a statement. It looks like the Vinewood Casino in GTA Online might finally get its grand opening. Earlier today, alongside its usual weekly update, Grand Theft Auto Online made a small but important tweak to. Rival Casino Guichard Perrachon fell back 0.6%, while Britain's Tesco rose 2.7%, in London. The Dow Jones index tracking Europe's 50 leading shares was up 1.2%, to 1,955.29 points.

The store, called “Le Casino 4,” is located near the Champs-Élysées and promises, according to a press release, to be “a place to eat, relax, and shop, where digital services enhance and simplify the day-to-day shopping experience.”

“The retail business is now innovation-centric, and this goes beyond mere technology,” said Jean-Charles Naouri, chair and CEO of the Casino Group, in a statement. “In the future, the gap between brick-and-mortar and digital stores will close. Physical and digital distribution channels will not only need to adapt to tastes and trends but also to anticipate them.”

Above: A shopper enters Le Casino 4.

The opening comes as Amazon aggressively expands its own brick-and-mortar efforts through Amazon Go, cashierless stores that use sensors, artificial intelligence, and smartphones to streamline the shopping experience. Some reports have indicated that Amazon may try to open as many as 3,000 Amazon Go stores by 2021.

While there are none in France yet, Casino rival Monoprix has signed a deal to sell groceries through Amazon’s Prime loyalty program in Paris.

Meanwhile, Casino has unveiled its own vision for the future of retail.

The new store has three floors and offers 6,000 products. It’s open 24 hours, seven days a week. And it boasts a selection of organic products, a “smart wine and spirits cellar,” and sample dishes prepared by a chef. There is also a showroom for products from French ecommerce site Cdiscount and a free coworking space.

Outside the store, passersby will see an augmented reality digital display.

In addition to grabbing products onsite, shoppers have the option of ordering home delivery through a digital wall, where they can scan items and schedule delivery.

Above: The new store features image recognition technology and allows shoppers to buy with an App and pay online or at a self-service check-out.

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Of course, the main activity is still selecting from among the 6,000 products in the store. Image recognition allows shoppers to make purchases by using the Casino App on their phone and scanning the app at a self-service checkout.

Above: A man holds his smartphone and a Casino App at a self-scanning terminal, which replaces a cashier inside “Le 4 Casino” in Paris.

The company says Le Casino 4 is an experiment, and it plans to give the store at least six months before evaluating its reception.

“This new concept embodies an entirely new mindset based on constant adaptation, with a view to more effectively anticipating and meeting consumer expectations while maintaining close, trusting relationships with the customers who shop at our banners,” Naouri said in his statement.

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Casino Group to associate Tikehau Capital and Bpifrance to the development of its subsidiary GreenYellow

Casino Group, Tikehau Capital and Bpifrance announce today the signing of an agreement under which Tikehau Capital and Bpifrance will enter the capital of GreenYellow, Casino's subsidiary dedicated to solar energy and energy efficiency solutions, via a capital increase of €150 million, representing a 24% stake.

This capital increase will allow GreenYellow to accelerate its development in all of its markets in France and abroad and to benefit from the expertise of Tikehau Capital and Bpifrance in the fast growing renewable energies and energy efficiency sectors.

The closing of the operation is expected by December 2018, subject to the fulfilment of the usual related conditions.

Otmane Hajji, CEO of GreenYellow, commented: 'We are proud to welcome Tikehau Capital and Bpifrance in our capital, alongside our historical shareholder and client Casino Group. Born out of an intrapreneurial and pioneer initiative within Casino Group, GreenYellow has become, in only 10 years, a leading player in the solar photovoltaic and energy efficiency solutions in France and globally. The support and the trust of our two new shareholders will enable us to pursue and accelerate our development, and to accompany more clients in their energy transition.'

About GreenYellow

Founded in 2007 within the Casino Group, GreenYellow offers unique solutions in the emerging field of energy transition. Engaged in the development of B2B solutions helping its customers to reduce their energy costs, GreenYellow has developed more than 150 decentralized photovoltaic projects generating c.190 MWp, and operates more than 1,500 energy efficiency contracts with Casino Group as well as with third-party customers. GreenYellow is a leader in its main markets, including France, Brazil and Colombia, and is expanding rapidly in Asia and Africa. Today, GreenYellow has more than 260 employees and has a presence in France, Latin America, Africa and Asia.

About Casino Group

Casino Group is a well-established and key player in the French retail industry as well as a leader in the global food retail market, with more than 12,000 stores worldwide - in France, Latin America and in the Indian Ocean region. The Group has built up a portfolio of strong, dynamic and complementary banners, thanks to its workforce of over 220,000 people driven by a passion for retail and customer service, generating consolidated net sales of €38bn in 2017. In France, the Group successfully implemented its multi-format, multi-brand and multi-channel model by leveraging its large network of hypermarkets (Géant), supermarkets (Casino), urban supermarkets (Monoprix, Franprix, Leader Price), convenience stores (Casino Shop, Vival, Spar, Leader Price Express) and the French e-commerce leader Cdiscount. The Group is notably present in Latin America: N°1 in Brazil with GPA and Via Varejo and in Colombia with Grupo Exito. In all of its host countries, the Casino Group focuses its development on the formats with the highest potential and ability to adapt in order to meet customer needs, both today and in the future. www.groupe-casino.fr

About Tikehau Capital

Tikehau Capital is an asset management and investment Group which manages €14.8bn of assets (as of June 2018) with shareholders' equity of €2.3bn (as of June 2018). The Group invests in various asset classes (private debt, real-estate, private equity and liquid strategies), including through its asset management subsidiary Tikehau IM, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs c.230 staff (as of June 2018) in its Paris, London, Brussels, Madrid, Milan, New York, Seoul and Singapore offices. Tikehau Capital is listed on Euronext Paris, compartment A (ISIN code: FR0013230612; Ticker: TKO.FP).

About Bpifrance

Bpifrance is the French national investment bank: it finances businesses - at every stage of their development - through loans, guarantees, equity investments and export insurances. Bpifrance also provides extrafinancial services (training, consultancy.) to help entrepreneurs meet their challenges (innovation, export.). For more information, please visit: www.bpifrance.fr and presse.bpifrance.fr - Follow us on Twitter: @Bpifrance - @BpifrancePresse

CASINO GROUP

ANALYST AND INVESTOR CONTACTS:

Régine GAGGIOLI - rgaggioli@groupe-casino.fr - +33 (0)1 53 65 64 17
Or
+33 (0)1 53 65 24 17 - IR_Casino@groupe-casino.fr

PRESS CONTACTS:

Casino Group - Direction of Communication
Stéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05
Or
+33(0)1 53 65 24 78 - directiondelacommunication@groupe-casino.fr

Agence IMAGE 7
Karine ALLOUIS - kallouis@image7.fr - 33(0)1 53 70 74 84 -
Priscille Reneaume - preneaume@image7.fr

Disclaimer

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This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgement. All opinions expressed herein are subject to change without notice.

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