how the Czech billionaire navigates his way through the Parisian business and power establishment

By Claudia Cohen

Published ,

Daniel Kretinsky, the new tycoon of French capitalism LAIF-REA/Stanislav KRUPAR/LAIF-REA

SURVEY – Already a media owner (Marianne, She…) and first shareholder of Fnac Darty, the Czech billionaire is in the process of buying Editis and is preparing to take control of Casino.

“Shré-Tine-Ski.” For a few days, at the Parisian headquarters of Casino, the most lucid have learned to pronounce his name correctly, in the Czech way. What to reserve the best welcome to Daniel Kretinsky, the future owner of the Saint-Etienne distributor. “Shré-Tine-Ski.” In the Parisian business circle as well as behind the scenes of French political power, where he is still largely unknown, it will now be well seen to know how to talk about this native of Brno (South Moravia), who has just celebrated his 48e anniversary.

Above all, you will have to learn to count with him. With the takeover of Casino, a prospect that the group’s board of directors accepted on Monday evening, this tycoon will soon have the fate of 100,000 jobs in France in its hands. Some 55,000 employees at Casino, in addition to the 19,000 at Fnac Darty, of which he recently became the largest shareholder, 2,500 at Editis, which it is buying from Vivendiand 700 at CMI France, its…

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