French retailer group Casino said on Monday that the nationalization by the government of Hugo Chávez of its subsidiary Éxito stores in Venezuela, which is also owned by a Colombian company, "changes nothing for the growth outlook and profitability of the group," a spokesperson of the company said.
Éxito, which is located in Venezuela, represents "about 1 percent" of the current turnover of the French retailer and the contribution of the Venezuelan unit to the group profit was "almost zero," said the source.
Questioned about whether the group would file any legal complaint, the source said that the company "is assessing the situation."
Casino owns 67.1 percent of Cativen, a subsidiary which operates six Exito hypermarkets and around 35 Cada supermarkets in Venezuela.
INTERVIEW "I was a kid from the Third World who came to teach Italians how to play opera." A succinct Diego Matheuz describes in this way his arrival at La Fenice of Venice, first as a guest conductor and later on as chief conductor. Matheuz is extremely modest, considering that a 26-year-old young man from a faraway tropical country stepped up to one of the most renowned opera theaters in Italy. "It was a big challenge; I gave it all. Thank God, we overcame," he adds when commenting his debut in October 2010 with Rigoletto by Giuseppe Verdi. Four years later, and being still under 30, Diego seems to have fulfilled the highest expectations. He has led at least 15 major world orchestras; has appeared on various stages, and, together with Gustavo Dudamel, Christian Vásquez and Rafael Payare –the four mighty globetrotters of the System- is tied to the project pioneered by Master José Antonio Abreu 40 years ago.