trending Market Intelligence /marketintelligence/en/news-insights/trending/6HXSGP6jJ6cbW7f_dYN5lg2 content esgSubNav
In This List

French retailer Casino to sell poultry production plant

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


French retailer Casino to sell poultry production plant

Food retailer Casino Guichard-Perrachon SA on Oct. 9 said the company will sell its poultry production plant Luché Tradition Volailles to poultry processing firm LDC.

Casino Group acquired the facility in France in 2015. It is based in Luché-Pringé, near Le Mans, and has 131 employees.

As part of the agreement between both companies, the contracts of all the employees at the Luché Tradition Volailles facility will be continued after the sale.

"The transaction represents an opportunity for the Casino Group and LDC to combine their resources and thereby strengthen the high-quality French poultry chain, while complying with best practices for animal well-being and innovating with more environmentally friendly products and packaging," the French food retailer said in a statement.

The deal will be finalized over the next few weeks following consultation with the facility's employee representatives, according to the release.