Candidates for the takeover of Go Sport sharpen their offers

by time news

The brand was placed on January 19 in receivership by the Grenoble court. SERGE ATTAL/Only France via AFP

DECRYPTION – The British Frasers plans to take over at least 74 stores out of the 81 of the brand.

In difficulty for many years, Go Sport nevertheless arouses envy. “We have received fifteen takeover offers, some of which come from big names in sport, in France or internationally.rejoices Christophe Lavalle, FO union representative at Go Sport. It is a positive sign. We now know that Go Sport does not deserve the fate reserved for it today.The brand was placed on January 19 in receivership by the Grenoble court. Its last takeover was not very old, however: the Financière immobilière bordelaise (FIB) of businessman Michel Ohayon had acquired it from Rallye, the parent company of Casino, barely eighteen months earlier.

It is “a lost yearin the eyes of the unions, who deplore that their owner has not invested to turn their business around. Worse: they report a drain of 36 million euros in cash. These setbacks do not prevent HPB, the parent company of Go Sport, from wanting…

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