The company is working “from now on the continuation plan” to save its 2,751 employees.
In cessation of payments two years after its takeover by the Financière immobilière bordelaise, the ready-to-wear giant Camaïeu was placed in receivership on Monday by the Lille commercial court, its management announced to AFP.
«We take note of the decision of the court which pronounces the opening of a receivership procedure at the request of Camaïeu“indicated the direction, specifying to work”from now on to the continuation plan“, the objective of the sign, which employs 2,571 employees, “being to preserve the activity of the company and the Camaïeu brand». «This decision should allow Camaïeu, a historic French textile brand, to have a period of observation and then present a continuation plan in order to continue the transformation initiated by the group and thus ensure the sustainability of the company.“, said in a press release the group Hermione People and Brands (HPB), the distribution division of the FIB of the Bordeaux businessman Michel Ohayon.
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The brand, which has 538 stores in France, had requested the opening of this procedure last Monday, declaring itself in cessation of payments, weighed down in particular by unpaid rents. This request was madeafter a period of several months marked by a series of exogenous difficulties“, developed HPB. “Already very fragile at the time of its recovery» in 2020 «Camaïeu has been confronted with a wave of major and unprecedented successive crises due to the COVID crisis, repeated confinements (…) and the disorganization of global transport“, According to the press release.
HPB also cites a “cyberattack on an exceptional scale as well as the consequences of the war in Ukraine and the increase in the price of raw materials». «Already largely weakened by this succession of unprecedented facts, Camaïeu has had to face, since June 30, the judgment of the Court of Cassation, refusing to traders the right to request a reduction in their rents for the Covid period.adds HPB. “Even if the court validates a continuity plan, we know very well that there will be a reorganization of the workforce, therefore a social plan, therefore social damage“, reacted for AFP Thierry Siwik, CGT delegate of Camaïeu. “To minimize this social damage, we are going to build an action with the CGT HPB“, he added.
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