In an interview with Sud-Ouest, Michel Ohayon announces that he will bankrupt the Galerie Lafayette stores he owns “to protect them from any attack”.
“His situation is healthy,” added the businessman whose business empire is in crisis, with the liquidation of the Camaieu brand and the bankruptcy of the Go Sport group. A businessman specializing in real estate, Michel Ohayon, from Bordeaux, has bought some twenty Galeries Lafayette stores in the regions through the company Hermione People and Brands, the FIB’s distribution branch, in recent years. He also bought Camaieu and Gap France (clothing), Go Sport (sporting goods), La Grande Récré (toys) and last year Café Legal.
Earlier in the day of Friday, February 7, the AFP learned that the main holding company of the businessman michel ohayonthrough which he built his hotel and real estate empire, was also placed in receivership.
An empire in crisis
SAS Financière immobilière bordelaise (FIB) was declared bankrupt on February 7 at the request of its owner. A trustee and a trustee were appointed Wednesday for a six-month observation period.
The list of Galeries Lafayette stores in question: Agen, Amiens, Angouleme, Bayonne, Beauvais, Belfort, Besançon, Caen, Cannes, Chalon-sur-Saône, Chambéry, Dax, La Roche-sur-Yon, La Rochelle, Libourne, Lorient, Montauban, Niort, Rouen, Saintes, Tarbes, Toulon, Tours, Pau, Rosny and the Coquelles Outlet
On Tuesday, February 14, the employees of the 26 Galeries Lafayette stores owned by the Bordeaux businessman had taken to the streets to denounce the lack of transparency regarding the financial situation of their parent company.
Other brands owned by Michel Ohayon through Hermione People & Brands (HPB) – Go Sport, Gap France – are currently in crisis, while Camaieu, a former northern flagship, was abruptly liquidated in September 2022.
Source: BFM TV
