The Limited Times

Now you can see non-English news...

La Grande Récré looking for new investors

2023-03-22T17:16:28.140Z


The toy brand is part of the struggling empire of businessman Michel Ohayon. The La Grande Récré toy chain, which is part of Michel Ohayon's struggling empire, is looking for new investors who could present " offers " by April 14, we learned. Wednesday from an internal company source. " I took the initiative (...) to implement a strategy in order to be backed by a strong shareholder base that will support the commercial dynamic of La Grande Récré over the coming years ", w


The La Grande Récré toy chain, which is part of Michel Ohayon's struggling empire, is looking for new investors who could present "

offers

" by April 14, we learned. Wednesday from an internal company source.

"

I took the initiative (...) to implement a strategy in order to be backed by a strong shareholder base that will support the commercial dynamic of La Grande Récré over the coming years

", writes the president Jean- Michel Grunberg in an internal letter dated Tuesday and intended for management.

To discover

  • LIVE - Pension reform: Emmanuel Macron reiterates his confidence in Élisabeth Borne, but calls on her to "enlarge the majority"

Financière immobilière bordelaise (FIB), the holding company of businessman Michel Ohayon and whose subsidiary Hermione People and Brands (HPB) is a shareholder in La Grande Récré, declared itself insolvent on 7 February.

A week later, the Bordeaux commercial court placed it in receivership.

Jean-Michel Grunberg, who is also the founder of La Grande Récré, explains in his letter that he has appointed an investment bank responsible for “

presenting reference shareholders

”.

"

Offers are expected for April 14

," he said.

La Grande Récré has 350 points of sale and 900 employees.

After the liquidation of Camaïeu and the receivership of Go Sport, the setbacks have accumulated for Michel Ohayon, who has recently withdrawn from certain companies.

HPB remains the parent company of Go Sport (2,150 employees), Gap France (350 employees), 25 stores and a Galeries Lafayette outlet (1,100 employees) and Legal cafes (140 employees).

Source: lefigaro

All business articles on 2023-03-22

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.