Lafayette galleries soon placed in receivership

Tuesday, debraying had been observed by employees among the twenty department stores Galeries Lafayette, who employ around 750 people.

Mo12345lemonde with AFP

A new brand of the clothing industry is found in turmoil. Bordeaux businessman Michel Ohayon will place in receivership the twenty-six Galeries Lafayette stores which he controls in France “to protect them from any attack,” he announced in an interview with the Sud Ouest newspaper , published Friday, February 17.

“Their situation is healthy,” assured the entrepreneur, whose commercial empire is in full turns, with the liquidation of the Camaïeu brand in September and the placement in receivership of the GO Sport group in January.

This week, the Bordeaux Commercial Court has already placed in receivership, at its request, the main holding company of Michel Ohayon, La Financière Immobilière Bordelaise (FIB), a company with which it built a large commercial and hotel empire Currently in difficulty.

emerging from silence for the first time since the start of the crisis which earned him many criticisms, Mr. Ohayon has taken his own defense in the columns of the newspaper. “Since the failure [of his resumption of Camaïeu in 2018], I heard everything on me but no, I am not a jackal of the commercial courts!”, Note the businessman, who claims to have injected “Two and a half more” money in the company than promised, and “attempted to save employment” – more than 2,000 employees are the price.

the future of Go Sport is darkening

Placement in receivership of the FIB must allow “to continue the activity” and “prepare the best conditions of reimbursement of creditors and businesses”, continued Mr. Ohayon, whose strategy aims to “reduce the perimeter of the company “, by yielding assets, to allow” very strong deleveraging “. “FIB is solid, we have assets that are among the most beautiful in France,” he said.

Questioned about the future of Go Sport, Michel Ohayon, on the other hand, has shown himself pessimistic about the outcome of the receivership procedure opened by the Commercial Court of Grenoble, believing that the brand would be “sold before” . “While the company was going to make its first profits in 2023 in seventeen years, the employees did not trust the managers and asked that the company be placed under the protection of the court,” deplored the man of Business, for whom it will cause social breakage and lead to the same gap movement “while” a safeguard would have been enough “.

/Media reports cited above.