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Casino Group: disposal of BAO Cash & Carry business
Globenewswireยท 2025-12-31 16:30
Group 1 - Casino Group has announced the disposal of its BAO Cash & Carry business in Cameroon to 2S Retail, effective December 31, 2025 [2] - The transaction includes 7 sales outlets, with 5 integrated stores located in Douala and 2 franchised stores in Nkongsamba and Limbe [2] - This divestment aligns with Casino Group's strategy to partner with local entities for international brand development through franchising [2] Group 2 - BAO Cash & Carry, launched in 2018, has become a leading player in the wholesale business in Cameroon, serving over 3,000 active professional customers [3] - 2S Retail plans to maintain the low-cost business model that contributed to BAO Cash & Carry's success and is committed to preserving all existing jobs [4] - The new owner intends to consolidate the current business model in 2026, with plans for a new phase of development starting in 2027 [4]