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Shoes André : the one-time offer of recovery validated, 221 jobs, and 55 stores saved

The former CEO François Feijoo has offered $ 7.8 million to resume the group, allowing the backup of 221 jobs. The shoe brand André is finally able to continue

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Shoes André : the one-time offer of recovery validated, 221 jobs, and 55 stores saved

The former CEO François Feijoo has offered $ 7.8 million to resume the group, allowing the backup of 221 jobs.

The shoe brand André is finally able to continue his business : the only bid on the table - the one filed by the former CEO François Feijoo, with his company 1Monde9 - was selected Tuesday by the tribunal de commerce of Grenoble.

as Soon as known the decision, François Feijoo has admitted in a press release the extent of the challenge [was waiting] and the magnitude of the responsibilities that [were] entrusted" to straighten this historic brand.

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His bid, in the amount of 7.8 million euros, enables the recovery of 55 stores, over 180 points of sale in France - and 13 affiliates. It provides for the dismissal of 188 employees and the retention of 221 jobs.

"Bad management" of the group

Despite the social cost, "this decision has been received with enthusiasm", assured the lawyer of the SSC Marlone Zard. "The employees have fought for this and have made concessions to allow for this recovery."

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as the delegate of the central CGT Christophe Martin, Me Zard warns of his intention to attack in the near future liability to the former owner Spartoo front of the prud'hommes, "for non-compliance of its commitments" made at the backup plan of employment. The lawyer denounced a "bad management" of this group, grenoble, france, specializes in the online sale of shoes.

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Founded at the end of the Nineteenth century, teaches Andrew had been placed into receivership on April 1, after having recorded a loss of nearly € 4 million in the fifteen days following the closure of its stores because of the epidemic of Covid-19. Bought in 2018 by Spartoo, André has completed in 2019 a turnover of 100 million euros, but wiped at the same time a loss of 10 million euros.

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