Among casino providers, their fortunes are as diverse as their sizes. The biggest ones we contacted are not more concerned than that: “The casino pays badly and late, but as before,” says one of them. The giants of the food industry have a weapon just in case, that of not distributing more. But “we have not arrived yet”, specifies this actor.
The situation is more painful for many small providers, who have “two fears”, according to a source: “In the short term, they fear that bills will no longer be paid” and in the long term, “the fear, which is the disappearance of Casino, the concentration of the sector, less brands, less freedom in commercial negotiations and therefore a reduction in margins.” So, a certain number of companies decide to “play the game and continue to deliver”, even if it means “not being paid”, we are told, fearing that Casino will disappear.
“That would kill our customers!
On the side of the credit insurers, which guarantee these providers against the risk of non-payment, it is somewhat the same story. Everyone is watching the dealer situation very closely. We understand that one of them has reduced their coverage.
“Our guarantees are adjusted in real time,” they tell us. Thus, “when a company does worse, these guarantees tend to be reduced.” In general, another actor tells us, “uncertainty in food has been very high for three years, between Covid, war and the weather.”
Credit insurers have quite a few clients in this sector of activity. But among these insurers, we insist that it is not about letting Casino go. “We never abruptly pull out of our covers so as not to embarrass our own clients,” a source tells us. “If we took our covers off at Casino, he says, it would kill our customers!” Everyone supports each other, therefore, so as not to rush into the fall of Casino.
Source: BFM TV
