On February 14, the Commercial Court of Bordeaux will certainly evaluate the connection strategy presented by business person Michel Ohayon for the around 20 Galeries Lafayette shops he possesses in the French districts. This details was gotten from an attorney standing for the workers.
The hearing was initially arranged for January 10, yet the strategy had actually not been wrapped up during that time. Hermione Retail, the firm looking after the majority of the 26 shops positioned under guard procedures because last February, using a total amount of 1000 workers, ultimately sent the intend on January 12.
” The court will certainly require to either accept or decline this strategy and, in case of non-approval, define whether Hermione Retail will certainly be positioned under judicial reconstruction,” specified Stéphane Kadri, attorney for the CSE (Social and Economic Board) of the firm.
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” We depend on the setting that the Galeries Lafayette team, the major financial institution and, extra significantly, the major provider of the shops had by Hermione Retail, will certainly embrace,” included the guidance.
In 2018, Michel Ohayon got 22 shops from the household team situated in Agen, Amiens, Angoulême, Bayonne, Beauvais, Belfort, Besançon, Caen, Cannes, Chalon-sur-Saône, Chambéry, Dax, La Roche-sur-Yon, La Rochelle, Libourne, Lorient, Montauban, Niort, Rouen, Saintes, Tarbes, and Toulon.
In 2021, he got 3 extra shops in Tours, Pau, and Rosny-sous-Bois, in addition to an electrical outlet in Coquelles near Calais.
According to a union agent spoke with on January 10, the connection strategy visualizes marketing the Pau shop and forgoing 70% of the financial debts.
” We’ve been listening to the very same assurances for a year currently– that they will enhance turn over to create earnings margins and settle their financial debts– yet just how are we mosting likely to do that? We have actually been shedding turn over for 4 years currently,” mentioned Véronique Guichenay, a worker at the Dax shop.
According to a resource near to the instance, prior to the last hearing, the judicial manager shared an unfavorable point of view pertaining to the extension of business, as obligations had actually raised regardless of the guard treatment, getting to 153 million euros by the end of December.
On February 14, the court will certainly additionally analyze the circumstance of Financière immobilière bordelaise (FIB), the major holding firm of Michel Ohayon, that included various other fabric brand names (Camaïeu, Go Sporting Activity, Space France) gotten in the last few years and either sold off or offered over the previous 18 months as a result of significant insolvency.
