Debt-burdened retailer Casino said on Tuesday group sales fell 5.3% in the third quarter, as weakness in its core French market outpaced robust growth in Brazil. Last week, Casino reported French retail sales fell 5.6% in the third quarter year on year on a same-store basis, reflecting an 18.6% fall in hypermarket sales and an 11.5% fall in supermarket sales. Casino announced this month the finalisation of a deal to avert bankruptcy through debt restructuring agreed with main creditors, led by Czech billionaire Daniel Kretinsky.
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