“Same shareholder, same effects? »wonder elected officials of the central committee and unions of some 2,000 employees of Go Sport: the financial situation of the distributor specializing in sport, owned by the same shareholder as Camaieu, will be examined by the courts on December 19, even if the management wants to be reassuring.
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The elected representatives of the central social and economic committee (CSEC) and the trade unions CGT, FO, CFE-CGC, CFTC, CFDT of Go Sport fear that the “more than 2,000 Go Sport employees” not “suffer the fate of Camaieu employees”the ready-to-wear brand liquidated at the end of September, according to a statement sent to AFP.
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They launched “legal proceedings before the commercial court” from Grenoble ” before it is too late “. Specifically, they have, according to CSEC lawyer Evelyn Bledniak, “filed an application with the commercial court for the appointment of a judicial administrator” after a procedure of “right to economic alert launched in October to have an update on the financial situation and cash flow of Go Sport”.
A hearing on December 19
“Economic assumptions suggest a cash hole at the end of November and a fortiori in December”, says the lawyer, also referring to economic activity behind forecasts since the summer. The Grenoble prosecutor’s office confirmed to AFP that a hearing is scheduled for December 19 to verify that the company is not in a situation of cessation of payments in the short term.
Go Sport’s parent company, Hermione, People and Brands (HPB), however, told AFP on Monday afternoon that “Go Sport is not in cessation of payments” and that the group will have “in 48 hours the elements to support these arguments”. HPB is the distribution arm of Financière immobilière bordelaise (FIB), which is the investment fund of businessman Michel Ohayon.
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A little earlier, the elected officials of the CSEC and the trade union organizations of the specialized distribution group, founded in 1978 and based in Sassenage in Isère, had expressed a concern that was all the more serious since the fate of Camaieu and its 2,600 employees deprived of employment at the end of September is still present in everyone’s mind.
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In loss for years, Go Sport had been bought at the end of 2021 for a symbolic euro by HPB from the parent company of the Casino food distribution group, the Rallye company, itself heavily in debt.
Go Sport owned by Michel Ohayon
The boss of the FIB Michel Ohayon is a Bordelais, also present in the luxury hotel industry (Grand Hôtel de Bordeaux, Waldorf Astoria Trianon Palace Versailles) and wine. He has made a name for himself in recent years by buying many retail brands, often at low prices or in court: Go Sport, Camaieu, but also certain Galeries Lafayette stores in France, La Grande Récré, Gap France and Café Légal.
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He had been castigated by the employees of Camaieu at the end of September, when the Lille commercial court had pronounced the judicial liquidation of the former northern flagship, in difficulty for years.
“We fought for this company! I’m just as appalled as you.”had replied Michel Ohayon to the employees. “You have the right to be acidic, I forgive you everything”he said again, saying he had invested 46 million euros in the company.