The parquet of the Grenoble Commercial Court requested this Monday the bankruptcy of the 20 franchised stores of the Gap France brand, owned by the Bordeaux businessman Michel Ohayon, also owner of Camaïeu and Go Sport.
The prosecutor’s office told AFP that it had requested the measure, confirming information from Liberación, and specified that the Salary Guarantee Regime (AGS) “will ensure payment of salaries.”
A court decision is expected on Wednesday.
The elected staff of the prêt-à-porter brand had exercised their right to alert at the end of January in order to obtain information on the situation of their company, bought in 2021 for one euro by the HPB group (Hermione, People & Brands), who announced that they would resell it to Go Sport.
Last week, Gap France announced that it was “temporarily obliged to stop e-commerce orders.” The CFDT had added that one of the Parisian stores on the sign, located on avenue des Ternes in the 17th arrondissement of Paris, would close at the end of March.
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 on the ground. And the Grenoble commercial court placed Go Sport France in receivership in early February.
Gap France acquired by Go Sport for 38 million euros
HPB, the distribution arm of Financière immobilière bordelaise (FIB), an investment fund owned by Michel Ohayon, owner of the Gap clothing store network in France, announced on January 12 “the acquisition of Gap France by Go Sport” for an amount of 38 million
This operation and the “lack of transparency” on the part of the management worried the 350 employees of Gap France, while Groupe Go Sport, the holding company of the brand specialized in sports, was declared in mid-January in suspension of payments for Grenoble Commercial Court.
Source: BFM TV
