The judicial administrators of Habitat, which is experiencing serious financial difficulties, will request the liquidation of the brand specialized in furniture and home equipment during a hearing scheduled for Wednesday at the Bobigny court, the company’s management informed on Monday the AFP.
Habitat, founded in 1964, went bankrupt in early December; The directors announced on Friday at the CSE that they were going to request liquidation, the management stated, confirming information from Le Monde.
More than 300 employees
Habitat France generated a turnover of 65 million euros in 2022 and recently employed just over 300 employees, according to the ruling opening the judicial recovery, issued at the beginning of December.
The parent company, Habitat Design International, which employs 68 people and had a turnover of €51.8 million in 2022, was also declared in receivership at the beginning of December.
According to the newspaper Le Monde, the company’s treasury collapsed the day after its bankruptcy declaration, as the employees of the twenty-five stores exercised their right of withdrawal and closed all points of sale that operated directly in France. after multiple incidents with customers whose orders will not be fulfilled.
Fall in demand, inflation, energy prices…
The brand had also announced that it was preparing a recovery plan through continuation “to achieve sustainable profitability and meet its commitments.”
But according to the CSE, Habitat will not pay November salaries to its employees and Thierry Le Guénic, owner of the brand, “will resort to the AGS”, salary guarantee systems, which “logically should take over,” he said in a statement. Memorandum sent to employees and consulted by the AFP.
Source: BFM TV
