“Record High Judicial Liquidations in France’s Fashion and Sports Industry in Q1 2023: An Altarès Report”

2023-04-18 11:00:15

The first quarter of 2023 was marked in France by 10,730 direct judicial liquidations, an unprecedented level since 2017. The level of defaults increased by 44% (with 14,317 cases) compared to the first quarter of 2022, returning to the levels at the start. 2018. In fashion and sports, levels remain lower than in 2019, according to an Altarès report published on April 18.

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news-figcaption">Insolvencies in France over one year, by fiscal year ending in March. – Altars

Over the quarter, 307 backup plans were launched, compared to an average of 236 per quarter over the past five years.

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