Only 138 positions will be preserved by the Treasury Financial SAS heritage on the 750 counted by the Book Club in France. Fourteen shops will be kept on the current 122.
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The Commercial Court of Paris has chosen, Monday, December 13, among the two holiday offers of the France Leisure group, that supported by the simplified joint stock company (SAS) financial treasure of heritage. The book club, in great financial difficulty, was fed by a deficit of 14 million euros accumulated nothing that between January and end of October, with a turnover of more than 20% in this period. Placed in judicial liquidation on October 25, France Leisure had been able to continue its activity and still had nearly a thousand employees by integrating all its subsidiaries, including 750 in the hexagon (between the book club, the logistics center, the call center, demand on demand and computer science).
The recovery plan for the Treasury Financial SAS heritage will only keep 138 employees on this total and will keep only fourteen shops out of the current 122. The twenty-two partnerships signed with libraries are not questioned. The new shareholder should inject between 5 million and 7 million euros to return the machine to the way. This buyer was preferred to the rival offer filed by the Reworld Media press group, which proposed to save only 126 employees. The company is not liquidated, but considerably amputated.
A transformation “too heavy and too slow”
At the head of a very discreet family group of 200 million euros in turnover, Rémy Derek Smith has created the financial SAS Treasury of heritage, a correspondence sales company, first specialized in the Coins, medals, stamps and collectibles. It has diversified in publishing with a small collection of history books confined to Napoleonic battles, French decorations and colonial wars.
Franco-American, Mr. Smith has already returned to the Tribunal’s bar, the modern man’s catalog in 2007, before embarking on sales, always by correspondence, soil food products and foie gras (in Building in particular Leo Fargues or Périgord Tradition). In 2015, he also acquired the castle of Rayne Vigneau, a first vintage of Sauternes, a subsidiary of Crédit Agricole.
Already at the edge of the bankruptcy, France leisure had been taken over in 2015 by Adrian Diaconu, a businessman at the head of a diversified Luxembourg group in the drones, the security of connected objects and artificial intelligence . Refusing to see this group riddled with debt, there was some 30 million euros from its personal fortune to try to keep it with streams. And try to keep the 2,000 employees. Without success. Over the years, he had to dismiss. “Unfortunately, we have not managed to bring all the employees on the other side, the transformation of the company has been too heavy and too slow,” he regrets, adding that “the health crisis does not us has not spared “. Adrian Diaconu hopes, however, that the buyer can quickly reintegrate about fifty additional employees.
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