In turn, the Go Sport brand was taken over

The Go Sport store is looking for a buyer.The Commercial Court of Grenoble placed the sporting goods brand in receivership on Wednesday 1stUh February. The decision follows the takeover of its parent company, Groupe Go Sport, on January 19.

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Since the end of 2021, Financière immobilière bordelaise (FIB), a company owned by Bordeaux businessman Michel Ohayon, has owned the group and since summer 2022, despite two state-guaranteed loans, the The group has been facing enormous financial difficulties. The total amount for 2020 and 2021 is EUR 55 million.

The group announced in early January that it had completed the 38 million euro acquisition of the French Gap brand and is currently accepting a preliminary investigation into misuse of company property. The Grenoble prosecutor’s office has directed the gendarmerie to investigate cash transfers by a group led by Patrick Pouilly since early January.

two court administrators

in an internal memo world able to consult, Mr Puy told Go Sport staff, “The company continues its activities provided it always has positive cash flow”. Therefore, he added, “It is important to only incur expenses that are essential to the operation of the business or that will enhance its attractiveness”.

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Two court administrators are tasked with finding candidates to buy the brand, which operates 223 stores in France and employs 2,160 people. The decision by the Grenoble Commercial Court comes as Wilhelm Hubner, president of Hermione People & Brands, which owns the FIB distribution brand, was fired at the end of January.

With Go Sport’s debt frozen, the fortunes of the entity that provides revenue from Go Sport, 25 Galeries Lafayette, 22 Gap stores and the Legal brand now appear to be very compromised.

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