In very bad shape since the closure of its stores for more than two months, Conforama now sees more clearly on its future. While the group had been discussing for several weeks a backing with But, the number two in the furniture sector in France, owned by Mobilux, the two groups on Tuesday sealed an agreement in principle.
According to FO, the second organization of the brand, "Mobilux thus committed to a firm offer on July 7, 2020, the Bobigny Commercial Court having to approve this operation by the end of August". The final agreement was to be signed in the evening of Tuesday, confirmed a source close to the file in Le Figaro .
Read also: Union But-Conforama: the French furniture industry in a situation of dependence on a single player
According to our information, this agreement, still suspended from the buffer of the Competition Authority, provides for the takeover of all French stores in Conforama not affected by the job protection plan (PSE) launched before the health crisis. Namely 162 stores out of just under 200 Conforama in France. Above all, the secured loan
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