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Affected by the Covid-19, Fauchon request to be placed into receivership

The caterer announces that it has requested from the tribunal de commerce "the opening of a procedure of legal redress" for its headquarters, and its paris st

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Affected by the Covid-19, Fauchon request to be placed into receivership

The caterer announces that it has requested from the tribunal de commerce "the opening of a procedure of legal redress" for its headquarters, and its paris stores.

This is a new indirect victim of the Covid-19. The caterer Fauchon announced on Tuesday that he requested from the tribunal de commerce "the opening of a procedure of legal redress" for its headquarters, and its paris stores, after having suffered the consequences of the health crisis.

The turnover of this company is famous for its macaroons, chocolate and fine grocery store has been "severely impacted" successively, by the social movements of the "yellow vests" and protest against the pensions reform, and then the weeks of closure imposed by the epidemic of Covid-19, said in a statement that the chain is iconic.

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This procedure applies for the moment its activities of its own, that is to say, the head office and the three parisian department stores located in place de la Madeleine, paris address iconic brand for more than 130 years, grouped in the subsidiary Fauchon SAS, according to a spokesman. These two shops are located at numbers 24 and 30 place de la Madeleine -one of which is still closed-the store of teas located within the hotel Fauchon as well as the headquarters employ 130 people, she said.

73 shops and restaurants in the world

The management has informed the staff representatives of the project of opening of a collective procedure this Tuesday, at a meeting of the economic and social committee, said the press release. "This restructuring is a necessary step in the reorganization of the company and maintenance of its balances vital," said the executive. It was deemed this solution "best suited to deal with the situation of financial deficit, including its stores, place de la Madeleine", according to the same source.

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It should allow to "restore the balance of operations of the company, to strengthen links with its partners and continue its activity, in order to strengthen the deployment of its brand, which currently has 73 shops and restaurants in the world, including 30 in Japan, 20 in France and 15 in the Middle East, operated in franchise.

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