A victim of the strikes and the Covid-19, Fauchon files for bankruptcy

Attacks in 2015, "yellow vests" in 2018, the strikes against the pension reform in 2019 and Covid-19 in 2020... the cocktail has proven to be far too indigest

A victim of the strikes and the Covid-19, Fauchon files for bankruptcy

Attacks in 2015, "yellow vests" in 2018, the strikes against the pension reform in 2019 and Covid-19 in 2020... the cocktail has proven to be far too indigestible for Fauchon. The famous caterer of the place de la Madeleine has filed for bankruptcy on Tuesday with the commercial court of Bobigny. The latter is expected to soon be put into receivership. The registered office of the company, born in 1886, the production lab and the two shops of the capital (130 people in total) are affected by the proceedings.

read also : Fauchon Receptions into receivership

The 5-star hotel Fauchon, opened in 2018 on the place de la Madeleine and is managed by Esprit de France, is not in bankruptcy, even if he suffers : if the restaurant has reopened, its 54 rooms remain closed.

" After the attacks in paris, the social movements and strikes, we have not been able to cope with the closure of the shops of the place de Madeleine regrets Samy Vischel, president of Fauchon. We do not have any loan guaranteed by the State and our donors refuse to cancel the rents. "

In loss since several years, Fauchon carries out only 10 % of its sales in its stores of the Madeleine. The group, whose mother-house is not, she is not in receivership, relies primarily on royalties of 73 shops in the franchise (in Japan, Middle East) and the sale of products at dealers. Its catering activity has been stopped this year. In 2008, it represented 20 % of the turnover of the group and a portion of the losses. In January, the subsidiary Receptions had sought the opening of a procedure of receivership.

" SEE ALSO - are you Going to lose your job because of the coronavirus ?

Updated Date: 24 June 2020, 05:47

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