Camaieu requests his placement under receivership in “cessation of payments”.
According to a source familiar with the matter, this request comes “in light of the difficult times in retail and the difficult acquisition of Camaieu”, which is encountering “difficulties in paying donors”.
The northern brand Camaieu declared on Monday for “cessation of payments” and applied for its placement in receivership, almost two years after it was taken over by Financière immobilière bordelaise, we learned from the management and the commercial court.
The women’s ready-to-wear giant “has requested the opening of bankruptcy proceedings with a plan of continuation at the Lille Commercial Court” and its situation will be examined during a hearing on Monday afternoon, Camaieu’s direction said in a statement to AFP.
“Camaieu’s request is motivated by an acceleration of the company’s difficulties and in particular by the consequences” of a judgment of the Court of Cassation of June 30, “which refuses to dealers to reduce rents during the Covid period,” explained the management.
acceleration of difficulties
“The main goal of Camaieu’s application is to preserve the sustainability of the company,” she said.
Questioned earlier by AFP, the President of Lille’s Commercial Court confirmed that he had received a “stop payment” statement from management company Aciam (which belongs to the FIB) on Monday morning.
According to a source familiar with the matter, this request comes “in light of the difficult times in retail and the difficult acquisition of Camaieu”, which is encountering “difficulties in paying donors”.
resumed in 2020
Late June, the daily The world reported concerns from unions in Camaieu that the company had stopped paying rent for almost half of the stores it operated in France.
“For months, the CGT has been taking action to denounce the strategy of the management and the shareholder to stop paying the landlords (several hundred procedures). The Court of Cassation has ruled that the companies must pay,” denounced Monday the CGT delegate Thierry Siwik, in a message to the press.
In August 2020, FIB had taken over 511 of the 634 stores in France and around 2,600 out of more than 3,100 employees and launched a comprehensive transformation plan and “fundamental work on the brand and the offer”.
The new management then gave itself two years to bring the company back into balance, with the aim of regaining in 2023 the turnover of 2019 – 570 million euros.
