Shoe manufacturer Arche placed in receivership. This legal recovery measure was requested by the company due to “cyclical cash flow problems”.
A family business created in 1968, Arche ended 2023 with an annual turnover of 12 million euros. The company exports more than 70% of its production. The six-month observation period “will allow us to show that we are following the recovery plan submitted” to the court. “We have no concerns for the future,” insisted the president of the group.