A La Halle store in Alençon on April 12, 2020. – SICCOLI PATRICK / SIPA
Candidates for the takeover of La Halle have until May 25 to submit “investment or takeover projects”, the Vivarte group, owner of the chain of stores placed in the safeguard procedure, announced on Thursday evening. The administrators at the bedside of the company therefore left a month “to identify any business continuity solution for the widest possible scope”.
Over 6,000 employees in France
On Tuesday, the Paris commercial court decided to open a safeguard procedure for the brand, accompanied by a six-month observation period. Such a procedure, which will not concern the other two brands of Vivarte, Caroll and Minelli, in particular allows a company to spread out the settlement of certain debts and to suspend the payment of rents, the time to reorganize. The group predicts “a loss of 106 million euros in turnover between March 15 and May 11”.
Last week, Vivarte management announced plans to close or sell more than 100 stores out of 860 in total. La Halle has more than 6,000 employees in France.
–
