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PARIS, Nov 14 (Reuters) - French food retailer Casino pledged to step up investments over the next four years and refocus on convenience stores as it seeks to accelerate revenue growth in a new strategy plan led by CEO Philippe Palazzi.



The group will invest 1.2 billion euros ($1.27 billion) in gross capital expenditures between 2025 and 2028 to achieve a gross merchandise volume (GMV) of 15 billion euros, marking a 1.9 billon euros increase from 2023.

Casino, France's seventh-largest supermarket group by market share, was brought to the verge of default last year after years of debt-fuelled acquisitions and a declining market share.

Now owned by Czech billionaire Daniel Kretinsky, Casino has been attempting a turnaround through job cuts, disposals of large loss-making stores and a refocus on inner-city convenience stores such as Monoprix and Franprix.

($1 = 0.9486 euros) (Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)

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