Casino invests in natural drinks by Smart Good Things alongside Tony Parker Content reserved for subscribers

Smart Good Things specializes in powder preparations for nutritional instant drinks. In parallel, the company has developed Smart Good Alliance, a platform dedicated to home support for the elderly in a situation of dependence through a subscription to a concierge system and access to a set of dedicated products and services.

Smart Good Things : A subsidiary of Casino enters the capital of Smart Good Things, the company of Tony Parker

A few months after its introduction to Euronext Access+ Paris, the simplest compartment to enter the Parisian coast, Smart Good Things sees a new reference shareholder entering its capital.

The company, which has the ex-Basketman Tony Parker as a shareholder and deputy managing director, announced Tuesday that the company Distribution Casino France (DCF) would take a 10% stake in its capital.

DCF, of which 100% of the capital is possessed by the Casino group, holds the #Hyper Fresh, Giant Casino, Casino supermarkets and the Little Casino, Vival, Spar, Casino Shop and Sherpa proximity brands.

To bring this business into its capital, Smart Good Things will issue 119.247 ordinary actions. This action program will be carried out no later than December 31.

References in the Casino group brands

In exchange for this participation – which is done without cash or title – a strategic agreement made on December 23 provides that DCF will reference and distribute Smart Good Things products, and develop new dedicated products and services, in association with the young shoot tricolor. These reference and distribution devices will also be implemented in the other food brands of the Casino group, namely Monoprix, Naturalia and Franprix.

At the end of this participation, Smart Good Things will remain 78.84% owned by The Home Bar Bevtech, a company owned in particular by its founder, Serge Bueno, and Tony Parker.

Smart Good Things specializes in powder preparations for nutritional instant drinks. In parallel, the company has developed Smart Good Alliance, a platform dedicated to home support for the elderly in a situation of dependence through a subscription to a concierge system and access to a set of dedicated products and services.

Introduced on Euronext Access in early September, Smart Good Things aims a transfer to Euronext Growth in 2023, if the conditions are met.

Casino invests in natural drinks by Smart Good Things alongside Tony Parker

Distribution Casino France will take 10 % of the capital of the pioneer of the “benevolent economy”, of which the former basketball star is the shareholder and the ambassador.

Posted on Dec 27. 2022 at 18:21 Updated on 28 Dec 28. 2022 at 6:32

Casino has decided to invest alongside the former basketball player Tony Parker within the young Smart Good Things shoots. Distribution Casino France (DCF) will take a 10 % stake in the capital of this young company, which offers powdered preparations for instant drinks (coffee, tea, etc.), based on natural aromas. On the side on the non-regulated market Euronext Access+ since September 2022, Smart Good Thing says “pioneer of the benevolent economy”.

The operation will go through an increase in capital, with the issue of 119.247 new shares, at 197.95 euros. Which represents an investment of just over 23.5 million euros for Casino. The issue of new actions will be carried out no later than December 31, 2022, specifies the company. Its founders and the former Basketball star Tony Parker retain control with 79 % of the start-up, alongside Initiative & Finance (8.4 %). Tony Parker is his deputy managing director and his ambassador.

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