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In 1997, after many months of stock-market battle, Jean-Charles Naouri, the Guichard family and employees of the Group rejected a hostile tender offer made by the Promodès distributor. Following a counter-bid, Jean-Charles Naouri became the majority shareholder of Casino Group in 1998.
Under the aegis of Jean-Charles Naouri, Casino Group developed its assets in France and internationally. In March 1997, Casino Group signed an affiliate agreement with the Uruguayan Brand Disco for the construction of a Géant Casino in Montevideo. The store opened its doors in 1999. In February 1998, Casino Group took over the Argentine Group Libertad operating 7 hypermarkets across the country. Libertad was then the third company of hypermarkets in Argentine. In 1999, Casino subscribed to the capital of leading distribution companies in their respective countries, GPA in Brazil and Grupo Éxito in Colombia. After having strengthened its position in 2005, Casino Group became in July 2012 the sole controlling shareholder of GPA, no 1 in distribution and no 2 in e-business in Brazil. In 2000, Casino Group acquired Monoprix (50% of it), Franprix, Leader Price and Cdiscount. Activities grew again with the creation of Banque Casino in 2001 as well as property management company Mercialys, managing all the shopping malls owned by Casino. These assets represented 150 shopping malls on hypermarket and supermarket sites, as well as the premises of cafeterias owned by the Group.
Founded in 2009, the Casino Foundation complements the other foundations of Casino Group present in France and in Latin America: the Exito Foundation in Colombia created in 1985, mainly engaged against child malnutrition, the GPA Institute which fosters youth education and their professional insertion and the Monoprix Foundation which fights against isolation in cities.
Geoffroy Guichard was born on 27 July 1867 in Feurs, in the Auvergne-Rhône-Alpes region. His parents were the owners of a retail grocery business in Saint-Étienne. In 1889, he married Antonia Perrachon and became a partner with Paul Perrachon, his cousin-in-law, who had been the owner of a shop in the region for around ten years. Geoffroy Guichard became the sole business owner in 1892. The store, located rue des Jardins, was originally the Lyrical Casino of Saint-Étienne. Closed in the 1850s, the Lyrical Casino was transformed into a retail grocery store in the 1860s. Geoffroy Guichard grew the grocery store to turn it into a general food store, based on the Felix Potin model. In April 1898, due to the success of the concept, Geoffroy Guichard opened the first branch in Veauche, in Loire.
