2023-12-18 21:06:13
The judicial administrators of Habitat, in great financial difficulty, will request the placement in liquidation of the brand specializing in furniture and home equipment during a hearing scheduled for Wednesday at the Bobigny court, indicated this Monday management at AFP.
Habitat, founded in 1964, was placed in receivership at the beginning of December; the directors announced Friday in the CSE (social and economic committee) that they were going to request liquidation, management clarified, confirming information from the Monde and Médiapart.
Placed in receivership at the beginning of December
Habitat France had generated a turnover of 65 million euros in 2022 and recently employed a little more than 300 employees, according to the judgment opening legal recovery, rendered at the beginning of December. The parent company, Habitat Design International, which employs 68 people and had a turnover of 51.8 million euros in 2022, was also placed in receivership at the beginning of December.
According to The worldthe company’s cash flow collapsed the day following it was placed in receivership, the staff of the twenty-five stores having exercised their right of withdrawal and proceeded to close all of the points of sale operated directly in France, following multiple incidents with customers whose orders will not be honored.
Wages not paid?
Habitat explained at the beginning of December that it had “been faced with deep financial difficulties, largely attributable to previous failing management and exacerbated by more recent factors: a significant drop in store traffic, an inflationary shock and the surge in energy prices , raw materials and transport, with a direct impact on the purchasing power of households, internal social movements having disrupted activity.
The brand had also announced that it was preparing a recovery plan through continuation “so as to achieve sustainable profitability and honor its commitments”. But according to the CSE, Habitat will not pay November salaries to employees and Thierry Le Guénic, owner of the brand, will “appeal to the AGS”, salary guarantee schemes, which should “logically take over”, was -he indicated in a note sent to employees and consulted by AFP.
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