Cdiscount is a French e-commerce platform, ranking as the third largest in the country after Amazon.fr and Veepee.fr. The platform offers a wide range of products, including electronics, household appliances, and food.
21-587: Cnova N.V. is an e-commerce company, founded in June 2014. Cnova includes Cdiscount (operating in France, Belgium, Ivory Coast, Senegal and Colombia) and Cnova Brazil (operating in Brazil). Cnova N.V. is part of Groupe Casino , a French global retail company of which Mr. Jean-Charles Naouri is currently the chairman and CEO. Since November 2015, Peter Paul Estermann is the chairman of the board of Cnova N.V. In 2015,
42-596: A different Chapter 15 dealing with the United States Trustee Program , which it established as a trial in some judicial districts to assume roles which formerly belonged to the bankruptcy judge and others, including the selection and oversight of private trustees in individual cases. At that time, the other chapters of the Bankruptcy Code described how bankruptcy worked in districts without United States Trustees; original Chapter 15 modified
63-516: A foreign proceeding under Chapter 15 is a matter of discretion. The main consideration US courts will take into account in making this decision is whether the laws of the foreign jurisdiction violate the laws or public policy of the United States and whether the foreign courts conduct their proceedings according to basic rules of procedural fairness. Among other factors the US courts will consider
84-478: A subsidiary of Casino Group since February 2000. In September 2008 Casino Group increased both its direct and indirect participation to 79,6% of the capital and adopted a new structure with a board constituted of Casino founders and representatives. In January 2011, Casino Group bought the Charle brothers' shares and now possess 99.6% of the capital. In October 2014, Cdiscount continues its internationalization with
105-746: A turnover of 1.764 billion euros. Cnova Brazil, now integrated into Via Varejo businesses, was specialized in e-commerce activities throughout the country. Its creation follows the merger of the online activities of Casas Bahia, Ponto Frio and Extra, a hypermarket chain belonging to the Brazilian group Pão de Açúcar, the leading national retailer in Brazil. Cnova Brazil structured its e-commerce services through three main B2C websites – extra.com.br, casasbahia.com.br and pontofrio.com – as well as B2B services through Pontofrio Atacado and its eHub platform. Cnova Brazil
126-406: Is a French company created in 1999. It has been part of Casino Group since 2000. As the first e-commerce website in France, Cdiscount offers a wide range of products including, among others, cultural goods, high-tech, IT, household appliances, personal appliances and food. Cdiscount also operates in Brazil, Belgium, Ivory Coast, Senegal and Colombia. In 2015, Cdiscount employed 1,400 people and had
147-460: Is how the foreign jurisdiction treats creditors , whether it prevents fraudulent transfer of debtor's property, whether US creditors are protected against prejudice in the processing of their claims in the other country, and the manner in which assets are distributed. The court may conduct an evidentiary hearing, including considering expert testimony , to determine whether those and other factors are satisfied. The original 1978 Bankruptcy Code had
168-400: Is often a more efficient and less costly alternative to initiating an independent bankruptcy proceeding in the United States. Chapter 15 also avoids conflicts and establishes mechanisms for cooperation between US and foreign courts and representatives regarding proceedings which involve the same debtor . Whether the US courts will extend the "additional assistance" sought in connection with
189-499: Is structured around 40 stores organized in categories: cultural goods, high-tech, IT, household appliances, and personal appliances (games, toys…). In order to grow further Cdiscount has incorporated high-potential goods and services under their banner (financing, insurance, travel, wine, mobile phone subscription…). In 2006 Cdiscount opened a pilot physical store in Le Bouscat near Bordeaux (France) that utilises sales data from
210-843: The U.S. Bankruptcy Code in 1978. Section 304 was repealed in 2005 and replaced with Chapter 15, titled "Ancillary and Other Cross Border Cases". This section has increased the range of options available in the United States in support of foreign bankruptcy proceedings. Chapter 15 incorporates the Model Law on Cross Border Insolvency drafted by the United Nations Commission on International Trade Law . The law provides solutions to problems which arise in connection with cross-border bankruptcy, allowing US courts to issue subpoenas , orders to turn over assets, stays on pending actions, and orders of other types as circumstances dictate. The ancillary proceeding permitted under Chapter 15
231-426: The United States courts and the foreign courts, as well as other authorities of foreign countries involved in cross-border insolvency cases. It happens with increasing frequency that a bankruptcy proceeding in one country has a connection to assets or information located in another. Because of the involvement of multiple jurisdictions, unique problems arise, and in response, the United States enacted Section 304 of
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#1732793040425252-841: The area in the logistics site of Cestas Pot au Pin. Since the involvement of Casino Group with Cdiscount the distribution strategy has evolved and now incorporates the Casino Group stores. New delivery points dedicated to Cdiscount are being built in the Casino stores. Chapter 15 bankruptcy Chapter 15, Title 11, United States Code is a chapter of the United States Bankruptcy Code that deals with jurisdiction in certain bankruptcy cases. Under Chapter 15, foreign bankruptcy proceedings can be recognised by US courts and foreign representatives can participate in domestic proceedings. This allows cooperation between
273-538: The companies Pontofrio.com and eHub were launched in Brazil, providing e-commerce services to third-party retailers. The Brazilian expansion continued in 2010 by adding the Extra.com.br and CasasBahia.com.br websites to the portfolio, and the creation of business unit focused on business-to-business wholesale called Pontofrio Atacado. In 2011, Cdiscount implemented its first marketplace and launched ComptoirSante.com, an e-commerce website dedicated to beauty products. During
294-597: The merger of both French and Brazilian e-commerce activities under the Cnova umbrella, as well as the Cdiscount expansion in Colombia, Ivory Coast, Belgium and Senegal. In November 2023, Brazil's GPA sold a 34% stake of Cnova to Casino Group for €10 million. The current geographies represent over 500 million people with Cnova sites in France, Brazil, Colombia, Ivory Coast, Belgium and Senegal, and operations in Brazil under
315-448: The opening of cdiscount.com.br in Brazil, with the support of Cnova Brasil. In 2023, Cdiscount's parent Casino announced that they have completed a deal to avoid bankruptcy. This restructuring procedure would allow for the company to cut high debt and improve recent losses to other rival supermarket corporations. In 2024, Casino USA filed for Chapter 15 bankruptcy . Cdiscount.com is an online retailer for goods and services. Its range
336-536: The sites Extra.com.br, Pontofrio.com and Casasbahia.com.br. It operates B2B solutions, such as the eCommerce solution eHub, and niche sites both in France and Brazil, with Comptoirsante.com, Moncornerdeco.com, or Barateiro.com. Cnova has established itself as an eCommerce market leader in France and Brazil. Through the direct sales websites and its marketplaces, Cnova offers home appliances, consumer electronics, computers, home furnishings, leisure and personal goods and differentiated delivery and payment options. Cdiscount
357-565: The text of the other chapters for districts with United States Trustees. Section numbers in original Chapter 15 incorporated the section numbers in the main Code that they modified; for example, section 151325 (a section of original Chapter 15) modified section 1325, which sets the requirements of Chapter 13 plans. Since the trial program was considered a success, Congress in 1984 ordered the creation of United States Trustees in all states except Alabama and North Carolina . Since original Chapter 15
378-477: The total sales of Cnova N.V. reached 4.835 billion euros and its total revenue reached 3.42 billion euros. At the end of 2014, Cnova counted 13.6 million active customers in the world. The first operations began in 1998 with the founding of the e-commerce website Cdiscount, a single website focused on offering CDs and DVDs. Cdiscount then expanded its business to encompass product categories such as consumer electronics, computers, home appliances and wine. In 2008,
399-565: The websites to select only the best-selling products. This store also acted as a delivery point for small packages. A second store opened up in 2011 in Paris's 7th district, Rue du Bac . This store displays the bestsellers from the website in every category, totalling over 2000 products across high-tech, IT, appliances, toys, DVDs, video games, and wines and spirits. The company being based in Bordeaux (region of Gironde), products are stocked in
420-498: The year 2012, two new websites were launched in Brazil. An online marketplace was also created on the Extra.com.br website in Brazil. 2014, Cnova, a global e-commerce company with a total gross merchandise volume of $ 4.9 billion, was created through a joint venture between Casino , GPA, Via Varejo and Exito . Cnova will be directly owned 46.5% by Casino (including its subsidiary Exito) and 53.5% indirectly by GPA, Via Varejo and certain founding shareholders of Nova Pontocom. 2014 saw
441-628: Was a major e-commerce player in Brazil with a turnover of 1.655 billion euros in 2015. Cdiscount In 2013, Cdiscount held a significant position in the French e-commerce industry, boasting the highest turnover with a growth rate that exceeded the market's average for that year. Cdiscount's operations extend across six countries, including France, Belgium, Germany, Spain, Italy, and Luxembourg. Founded in December 1998 by three brothers, Hervé, Christophe and Nicolas Charle, Cdiscount has been
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