2023-05-04 21:38:51
Epilogue in the André file. The shoe brand, in receivership since February, is the subject of“a transfer plan” partial arrested by the Commercial Court of Nanterre for the benefit of a Belgian company, announced Thursday to Agence France-Presse one of the judicial administrators of the famous company.
The company Optakare is preparing to take over 21 stores out of the 49 held so far by 1Monde9, owner since 2020 of André, a brand more than a century old, as well as 119 employees of its 250 employees, she specified, confirming information from the specialized press title Fashion Network. “Optakare takes over the brand” André, according to the administrator, who did not specify the amount of this acquisition.
In its decision, handed down on May 2, the court provided “a substitution option for the benefit of a French takeover company”detailed the judicial administrator, adding that this company was “under construction”.
The company 1Monde9, of François Feijoo, former CEO of the sign, had taken over André in 2020 before declaring the cessation of its payments at the end of January 2023, requesting the opening of a receivership procedure. Shortly after, the Nanterre Commercial Court set the company’s observation period at six months.
During the 2020 takeover, only a third of the brand’s points of sale had been retained, the takeover plan then providing for the dismissal of just under two hundred employees.
André had been the first distribution company placed in receivership due to the Covid-19 crisis, which had forced it to close its stores for many months. In the past, it had been owned by the online sales site Spartoo, and even before that by the former flagship of French textiles Vivarte, also originally called Groupe André.
The sign is part of the long list of signs that belonged to the Vivarte group today facing financial difficulties, such as the company Kookaï, also placed in receivership at the beginning of February.
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