Casino to implement asset monetisation strategy across portfolio

21 December 2018 (Last Updated December 24th, 2018 08:40)

French retail group Casino has entered a strategic partnership with Qarnot computing to implement its asset monetisation strategy.

Casino to implement asset monetisation strategy across portfolio
Casino Group currently operates more than 12,000 stores under various brands including Franprix. Credit: Batmanuel07.

French retail group Casino has entered a strategic partnership with Qarnot computing to implement its asset monetisation strategy.

As part of the agreement, Qarnot will install and operate new-generation data centres across the supermarket’s warehouses and storerooms.

Casino noted that the partnership will generate additional revenue for the group by renting available space and supplying necessary power to run the data centres through its GreenYellow subsidiary.

The retailer also plans to create savings in energy costs by reusing the heat from the servers to heat its stores and warehouses housing the data centres.

“Qarnot is expanding, in line with our strategy, to provide a sustainable response to the strong demand for computing power.”

A company jointly owned by Casino Group and Qarnot computing, ScaleMax will operate the data centres.

Qarnot CEO Paul Benoit said: “ScaleMax provides our clients with France-wide access to high-performance computing capacity that is sustainable and secure, and can be rapidly deployed on a very large scale.

“This project is a natural extension of Qarnot’s ‘Compute Anywhere’ vision of scalable, environmentally responsible infrastructure. Qarnot is expanding, in line with our strategy, to provide a sustainable response to the strong demand for computing power.”

The supermarket firm will start operating the first data centre at its Cdiscount logistics warehouse in Greater Paris during the first quarter of 2019.

The deal will also see the installation of data centres across 20 additional facilities of the supermarket chain by 2023.

Casino Group currently operates more than 12,000 stores under various brands globally, including France, Latin America and the Indian Ocean region. It employs more than 220,000 associates across its portfolio.