The takeover bid for San Marina led by its two shareholders has been abandoned, further weakening hopes of reviving the currently suspended shoe brand, the company said Monday.
The two shareholders, Stéphane Collaert and Laurent Portella, planned to take over a little less than a third of the group’s 163 stores, selling their majority stake to attract other investors, particularly suppliers to the brand, but without success.
“The suspensive conditions linked to the offer could not be lifted, the offer cannot be supported, during the hearing” scheduled for Thursday at the Marseille commercial court, indicated Stéphane Collaert and Laurent Portella in a statement sent to AFP, confirming information from Le Monde. and Fashion Network.
Tormented
On its Facebook page, the San Marina CGT confirmed it: “Our leaders have not found the necessary financing for their offer. As it stands, it is therefore inadmissible. There will be no takeover of the 49 stores.”
Other partial takeover offers are still on the table, but they only affect very few stores, according to a source close to the company.
Potential buyers have until midnight Tuesday to submit their offers, before Thursday’s hearing.
The company, which had been sold at the beginning of 2020 by Vivarte to Stéphane Collaert, had already announced in the spring of 2022 an employment protection plan (PSE) “covering 152 of 680 positions” and “the adaptation of its fleet of stores”.
For several months now, the iconic brands in the sector (Kookaï, Cop.Copine, Pimkie, etc.) have been in crisis, sometimes with judicial liquidations as a result, as in the case of Camaïeu.
Source: BFM TV
