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Galeries Lafayette, Gap, Camaïeu… The mysteries of Michel Ohayon’s business

2024-03-16T11:16:18.917Z

Highlights: The Bordeaux commercial court examines the fate of the 26 Galeries Lafayette stores owned by Michel Ohayon in the regions. It is one of the last remnants of an empire which, three years ago, counted Camaïeu, Go Sport, Gap France and even la Grande Récré in its ranks. The businessman was seen as the savior of brands in decline, the one who would give them new life and a future. In 2018, he is the 319th richest person in France, according to Challenges.


STORY – The businessman will know on Wednesday if he keeps the 26 Galeries Lafayette that he had acquired. Built in a few years, his empire, with its very complex structures, collapsed just as quickly.


It’s the last chance

,” says an observer.

On Wednesday, the Bordeaux commercial court examines the fate of the 26 Galeries Lafayette stores owned by Michel Ohayon in the regions.

It is one of the last remnants of an empire which, three years ago, counted Camaïeu, Go Sport, Gap France and even la Grande Récré in its ranks.

At the height of his glory, the Bordeaux businessman was seen as the savior of brands in decline, the one who would give them new life and a future, despite the headwinds hitting the trade in France - restrictions linked to Covid, drop in clothing spending, development of e-commerce.

Constantly repeating that he believed in the renewal of city centers, the entrepreneur - in 2018, he is the 319th richest person in France, according to

Challenges

- gave hope.

Self-taught, he seduced by his charisma and his voluntarism, report some who knew him.

Very quickly, in less than two years, there was disillusionment.

Camaïeu is liquidated in September 2022, while other brands must be sold, like Go Sport or La Grande Récré.

Giving Michel Ohayon the image of an unreliable businessman.

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Source: lefigaro

All business articles on 2024-03-16

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