Business Disappearance of a third of the stores in Saint-Etienne?

Disappearance of a third of the stores in Saint-Etienne?

VSIs information from François Lenglet, economic columnist on RTL, who quotes the research firm Mc Kinsey. Naf-Naf, Orchestra, Alinéa, La Halle, Conforama and to a lesser extent Castorama could already disappear from the Loire market.

Some brands have been placed in recovery recently, with fears for the future of employees. 1,170 people for Naf-Naf, 6,000 people for the Halle, 2,000 for Alinéa. 600 posts threatened for Orchestra.

It’s no surprise: these marks were already alive before confinement. But the sword of Damocles fell. Internet competition, SNCF strike, yellow vests, then confinement.

Possible rework

As for the future, Alinéa offers two options: filing a continuation plan or calling on buyers. Two takeover offers for Naf-Naf, including one that would maintain 923 employees and 118 stores. Concerning La Halle, takeover projects are awaited. Orchestra is currently in receivership. Note that an opening to Steel was planned for the latter.

A reprieve for Castorama and Brico Dépôt?

With Fnac-Darty, Air France, the King Fischer group which owns Castorama and Brico Dépôt obtained a state guarantee for a loan of 600 million euros. This can save them, despite a turnover down 41.5% in the first quarter of 2020.

Why haven’t other brands benefited from it? Because they were not in good enough health before confinement.

Concern for Conforama

With Alinéa, another big furniture chain is in danger of disappearing: Conforama. Banks are holding back iron for a loan, again guaranteed by the state. Only a few stores have reopened, but that is not enough. Aim was proposed to take over the group, recovery considered grotesque at Conforama. In any case, without this loan, the bankruptcy filing is certain.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

What is true and what is false in the mini-series “Great” about Catherine II – Newspaper

What is true and what is false in the mini-series "The Great" about Catherine II Gazeta.Ru.

Pakistani Airbus A320 crashes in residential Karachi, at least 80 dead

InternationalCRASH - A plane crash occurred this Friday morning in a residential area of ​​the city of...

They enabled the walks for the weekend in Córdoba – Informed, upon return

They enabled the walks for the weekend in Córdoba - Informed, on the return - Chain 3 Argentina ...

Price of the dollar today Friday May 22, 2020 at the close, exchange rate

Mexico City. Today Friday May 22, 2020 the dollar listed on $ 22.73 pesos, according to the investing.com platform....

You might also likeRELATED
Recommended to you