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End of the road for Habitat: the judicial liquidation of the brand approved by the court

2023-12-28T11:23:34.169Z

Highlights: The judicial liquidation of the furniture brand Habitat was pronounced on Thursday. Nearly €9 million worth of orders were paid to the company without being fulfilled. Some 400 employees, whose salaries in November and December are covered by the AGS, also lose their jobs. It remains to be seen whether a potential buyer could come forward to at least save the Habitat brand. The company was taken over in 2020 by investor Thierry Le Guénic, who is committed to helping find any solution for the redeployment of our employees.


The judicial liquidation of the furniture brand was pronounced on Thursday. Some 400 employees lose their jobs and nine million


A sixty-year-old company with 400 employees on the sidelines between Christmas and New Year's Day. This is the terrible fate of the furniture brand Habitat, whose judicial liquidation was recorded this Thursday morning by the commercial court of Bobigny (Seine-Saint-Denis), confirms AFP.

It was an express descent into hell since the group's management had requested that it be placed in receivership barely a month ago, on November 30. In suspension of payments, the company, which has 25 stores in France, explained then that it wanted to stabilize the financial situation, start a recovery plan with the "main objective of ensuring the payment of all suppliers and the delivery of orders to customers".

Read also"No choice but to wait": the slim hope of Habitat's customers, placed in receivership

But the court-appointed administrators of the company, which was taken over in 2020 by investor Thierry Le Guénic, quickly realised that the situation was much more complicated. Faced with particularly deteriorated accounts, they finally requested the judicial liquidation of the group barely ten days after being placed in receivership. In a letter sent on Wednesday evening, Thierry Le Guénic admitted that he had "not succeeded in meeting this challenge, just like the previous shareholders". Today, "another phase is opening, and we are now committed to helping find any solution for the redeployment of our employees," adds the businessman.

A platform for declaring receivables

According to initial estimates, nearly €9 million worth of orders were paid to the company without being fulfilled. With judicial liquidation, these aggrieved customers have very little chance of seeing their money or the furniture ordered again since they are unsecured creditors. That is to say, they come second to employees, Urssaf, taxes, suppliers, etc. They are nevertheless invited to declare themselves directly on the platform set up by the judicial administrators habitat.procedurecollective.com. A declaration to which they must attach any document justifying the existence and amount of the claim: copy of invoice, purchase order or delivery form.

The anger of customers, some of whom placed orders only a few weeks ago, had prompted employees to exercise their right to withdraw in mid-December and the 25 stores had lowered the curtain. Definitely, then. Some 400 employees, whose salaries in November and December are covered by the AGS, the wage guarantee scheme, due to a lack of cash, also lose their jobs. They can also make themselves known on the habitat.procedurecollective.com platform. to find out more about their rights in the proceedings. It remains to be seen whether a potential buyer could come forward to at least save the Habitat brand.

Source: leparis

All business articles on 2023-12-28

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