Jean-Charles Naouri

About Jean-Charles Naouri

Birth Day: March 08, 1949
Birth Place: France
Birth Sign: Aries
Education: École Normale Supérieure Harvard University ÉNA
Occupation: Businessman
Children: Gabriel Naouri
Relatives: Jean-Yves Naouri (brother)

Jean-Charles Naouri Net Worth

Jean-Charles Naouri was bornon March 08, 1949 in France. Jean-Charles Naouri is chairman and CEO of Casino, a French food retailer with $56 billion in sales in 2013 and more than 14,000 stores around the globe. His fortune comes mainly from his large stakes in Casino and Groupe Go Sport, a sporting goods retailer. Naouri was born in Algeria. His family returned to France in 1956, when his mother was appointed a civil servant there. He won first prizes in Latin and Greek exams in France's national high school competition and eventually earned a Ph.D. in math. He also studied economics at Harvard. He began his career as a finance auditor at the French Treasury, then served as chief of staff for Pierre Beregovoy, who then headed France's social affairs and economics ministries and later became prime minister. In 1987, Naouri became a managing partner at Rothschild & Cie Banque and started his own investment fund, Euris. The fund became the controlling shareholder in retailer Rallye in 1991 and in Casino in 1998, after the two companies merged. Naouri is also a director of Fimalac, a holding company with interests in financial services, luxury hotels and entertainment. In June 2013, he was appointed France's special representative for economic relations with Brazil.
Jean-Charles Naouri is a member of Fashion and Retail

💰 Net worth: $1.2 Million

Biography/Timeline

1967

Naouri received his baccalaureat degree at only 15 years old. He then studied in classes préparatoires at the Lycée Louis-le-Grand before entering the École Normale Supérieure in 1967. He also attended Harvard University, before returning in France and completing a PhD in Mathematics in only one year. He is also an alumnus of the Ecole Nationale d’Administration (1974-1976).

1976

After graduating from ENA in 1976, Jean-Charles Naouri joined the Inspection générale des finances (France), the auditing and supervisory body of the French Administration. From 1982 to 1986, he served as chief of staff for Pierre Bérégovoy, both at the Ministry of Social Affairs and National Solidarity and the Ministry of Economy, Finance and Budget. During this period, he was the Architect of the reforms implemented in the French financial markets, which included the creation of the MATIF futures and MONEP options markets and the introduction of certificates of deposit and commercial paper. In particular, he helped drive the financial market liberalization with measures to ease currency controls and eliminate credit restrictions.

1987

In 1987, Jean-Charles Naouri left government Service and joined Rothschild & Cie Banque as Managing Partner. Around the same time, he established his own investment fund, Euris, which acquired minority equity Investments in industrial companies, while rapidly increasing its investment capabilities.

1990

In the early 1990s, Jean-Charles Naouri shifted his investment strategy from opportunistic to acquiring strategic stakes. As part of this new strategy, in 1991 he acquired the Brittany-based retailer Rallye, which at the time was facing serious cash flow issues/challenges. Convinced of the Future potential for Retailing and the benefits of combining the two companies, in 1992 he engineered a merger of Rallye with Groupe Casino, thereby becoming Groupe Casino’s largest shareholder.

1997

In 1997, a hostile takeover bid for Groupe Casino by rival retailer Promodès was thwarted by the successful counter offer from Jean-Charles Naouri, the Guichard family and Casino management, thereby maintaining the Group’s independence.

2000

In addition to his Business activities, Jean-Charles Naouri is also the founder of the Euris Foundation, which he created in 2000. Each year, the Foundation grants 40 scholarships to promising high school graduates from impoverished neighbourhoods in France.

2005

In March 2005, Jean-Charles Naouri became Chairman and Chief Executive Officer of Casino Group, leading a substantial transformation of the retailer’s profile by disposing of underperforming Business segments in Poland, the United States, Taiwan and the Netherlands and strengthening the Group’s presence in fast-growing markets. This made Casino the leading food retailer in South America (especially Brazil and Colombia), the Indian Ocean and Vietnam and the second largest in Thailand.

2009

He is also Vice Chairman of the Groupe Casino corporate foundation, which he founded in 2009 to improve access to culture and knowledge for children who are disadvantaged or suffering from illness. In addition, he is Honorary Chairman and Trustee of Ecole Normale Supérieure’s Institut d’Expertise et de Prospective, which is responsible for developing ties between the school and the corporate world.

2012

In 2012, Groupe Casino acquired a controlling interest in Brazilian retailer Pão de Açúcar, the country's largest private-sector employer. The Group also purchased the 50% of French retailer Monoprix, which it did not already own, becoming the sole shareholder.

2013

In June 2013, Jean-Charles Naouri was appointed by France’s Ministry of Foreign Affairs to be a special representative for Economic relations with Brazil.

2014

In 2014, Jean-Charles Naouri was ranked by the economical magazine Challenges as the 53rd largest fortune in France, with 1.2 billion euros.

2019

In France, Jean-Charles Naouri has refocused French operations in the convenience format segment, Groupe Casino’s core Business, and also positioned Casino in the discount segment by developing the Leader Price chain and the Cdiscount e-commerce website acquired in 2000.