2024-01-10 21:54:00
“Management must send a finalized plan by Friday to the court, which will then schedule a new hearing to debate it and accept it or not,” declared Me Stéphane Kadri, lawyer for the CSE of Hermione Retail, following a hearing at which this plan was initially to be presented. The company Hermione Retail oversees 22 of the 26 stores in France affected by the safeguard procedure opened by this court last February.
“We’ve been losing turnover for four years”
“We are still waiting for this famous plan. They have been telling us the same things for a year, that they are going to increase turnover to generate margin and repay their debts, but how are we going to do it? We’ve been losing turnover for four years,” said Véronique Guichenay, employee of the Dax store (Landes).
“The only new thing is that they are going to close the Pau store and they are asking creditors to waive 70% of their debts,” added this delegate from the CFDT union, while the lawyers and a member of the management of Hermione Retail declined any comment. “These are the same people who owned Camaïeu and we are afraid of experiencing the same fate,” added Muriel Scanzi, employee of the Galeries in Bayonne, relaying “a feeling of anger and abandonment” among her colleagues.
A businessman in serious financial difficulties
Camaïeu, bought by Michel Ohayon among other textile brands in recent years, was liquidated in September 2022. The businessman, in the grip of major financial difficulties, then had to sell Go Sport and Gap France, while that the stores he had taken over from Galeries Lafayette in 2018 and 2021 were placed in safeguard procedure.
It remains to be seen whether his plan will convince the court or whether it will place the stores in receivership, or worse. According to a source close to the case, in the state of the elements presented, the legal representative issued an unfavorable opinion to continue the activity, the liabilities having increased despite the safeguard procedure: they reached 153 million euros at the end of December.
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