Gap France online orders are currently suspended. The brand is owned by Bordeaux businessman Michel Ohayon, amid financial turmoil.
“A week ago the online sales activity was closed,” Brayan Brandao, union representative of the cartel’s CFDT, which employs some 350 people, told AFP.
The trade unionist also confirmed information from Capital that one of the brand’s Parisian stores, located on avenue des Ternes in the 17th arrondissement of Paris, would close at the end of March.
Contacted Tuesday morning by AFP, Gap France’s parent company, Hermione People & Brands, “could not immediately confirm or deny this information.”
Michel Ohayon, businessman in crisis
Bordeaux businessman Michel Ohayon, who made his fortune in real estate before buying retail chains such as Camaïeu, Go Sport, Gap France and about twenty Galeries Lafayette stores on the outskirts of Paris, has been in crisis for weeks.
Camaïeu was brutally liquidated in September, leaving some 2,600 employees flat, the Grenoble commercial court bankrupted Go Sport and Gap France employees exercised a right of economic alert.
Hermione Retail, the entity in which some twenty Galeries Lafayette stores are grouped in the regions controlled by Michel Ohayon, asked at the end of the previous week to be placed in the safeguard procedure, which is aimed at companies whose cash flow no longer It is enough to pay off your debts but are not yet in default.
Employee “concern”
Even the Financière immobilière bordelaise (FIB), Michel Ohayon’s holding company with which he built his business and real estate empire, which includes several hotel palaces including the Grand Hôtel de Bordeaux, has been placed in receivership.
“There is a lot of concern on the part of the employees,” Brayan Brandao, from Gap France, told AFP, recalling that the fate of this cartel is “linked to Go Sport”, the sports distributor that Gap France bought. Potential buyers from Go Sport or Gap France have until March 10 to express interest.
Source: BFM TV
