2023-05-23 00:16:35
The Paris Commercial Court will render its decision on the takeover of La Grande Récré on June 9, following the hearing of the candidates which took place on Monday, we learned from concordant sources. The decision will take place “June 9”, announced a spokesperson for La Grande Récré.
At the end of April, judicial liquidation proceedings were opened against Ludendo Entreprises, the parent company of Grande Récré. The brand, which is part of the galaxy of businessman Michel Ohayon, currently has 140 stores (including 97 branches and the others franchise) and just over 1,000 employees including franchisees.
The number of potential buyers has not been made official, but three have made themselves known in recent weeks: the competing brands JouéClub and Kingtoy, heavyweights in the sector, and the shoe brand Chaussea.
The King Toy group, a candidate for a partial takeover of its competitor, announced on Wednesday that it was abandoning its offer, leaving the field open to JouéClub, which is a favorite given its weight in the sector.
Michel Ohayon in turmoil
The brand, which relies on 290 stores, proposes to take over 90% of the integrated network of the Grande Récré, the 50 franchise contracts, the “corners” in other brands (Casino, Total, etc.) and guarantees the continuity brand operation. Its offer would preserve a total of “more than 1,000 direct and indirect jobs”, she says.
As for Chaussea (nearly 500 points of sale), the company told AFP that it had “filed an offer on a certain number of stores” to be “transformed into Chaussea”.
According to some media, Jour de fête, a company specializing in disguises and decorative items, would also be interested in a partial takeover.
Ludendo and La Grande Récré are one of the many subsidiaries belonging to the Financière immobilière bordelaise (FIB) empire of businessman Michel Ohayon, himself in the midst of financial and legal turmoil.
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