Go Sport and its 2,160 employees will decide their future on Thursday

The court hearing, which continued at 1:30 on Monday, provided an opportunity to study the file submitted on January 9 by the investigating judge appointed at the end of December. PHILIPPE HUGUEN / AFP

This Monday’s hearing was aimed at “providing a clear statement of the financial situation” of the group, with a view to deciding on a possible suspension of payments by the group and its subsidiary Go Sport France.

A lawyer for Go Sport’s central social and economic committee (CSEC) said the Grenoble commercial court will rule on Go Sport’s future on Thursday after a closed-door examination of the file of the 2,160-employee group in France on Monday. I’m Evelyn Bledniak.

The court session, which continued at 1:30 on Monday, allowed to get acquainted with the file submitted on January 9 by the investigating judge appointed at the end of December.provide accurate financial informationWith the help of audit firms and auditors in order to decide on the possible suspension of payments by the group and its subsidiary Go Sport France.

There were arguments and discussions (…) We presented the accounts“, Evelyn Bledniak pointed out to me, refusing to make any predictions. “There are things announced by HPB (parent company Hermione People and Brands). The question then becomes, is this enough? And the court will decide that“, he added.

The leaders of the HPB, for their part, remained silent, even when Laurence Labaurie, a representative of the Force Ouvrière, strongly protested at the end of the hearing to its president, Wilhelm Hübner.

This is embarrassing! Camaïeu wasn’t enough for you, now you have Go Sport? You will not take him to heaven!“he started towards him. Dozens of workers’ representatives, dressed in sleeveless vests in Go Sport colors, addressed the court and declared themselves “rebellious, angry“.

Monday’s meeting was devoted to examining the file submitted on January 9 by the investigator appointed at the end of December.provide accurate financial informationWith the help of audit companies and auditors of the group and its subsidiary Go Sport France.

Opinions differ diametrically between representatives of workers, who fear the worst, and HPB, which bought it to a symbolic euro at the end of 2021 and seems optimistic. HPB leaders hit Go Sport”is not the defaultand said his condition had nothing to do with Camaïeu, who was abruptly terminated at the end of September. then”17 years of losses“, Go Sport must return to profit”From 2023“, HPB president Wilhelm Hubner assured.

On January 3, the group appointed Patrick Puy, a specialist in the restructuring of companies in difficulty, who was previously the head of the collapsed textile flagship Vivarte (Caroll, Minelli, La Halle, Naf Naf, Chevignon, etc.) to lead the brand. . ) and whose mission “continue the necessary transformationof the company.

On the contrary, the employees of Go Sport, their union representatives and CSEC are concerned about the findings of the auditors and the expert appointed by the latter. They estimated the company had defaulted on payments between October and November and were concerned about a €36m cash advance from Go Sport to HPB. Another cause for concern: HPB announced on Thursday that “Acquisition of GAP France by Go Sport“. worth 38 million euros “aims to strengthen the Lifestyle and Sportswear businesses of these two HPB brands while maintaining specific strategies“.

According to Force Ouvrière representative and CSEC member Christophe Lavallee, “Today, it was emphasized that no one understands how Gap is an element of external growth, how Gap can pull up Go Sport, on the contrary“. As for the sequel,our choice is a bit like pestilence or plague: either reconciliation or legal redress, both of which are likely to result in social harm“he regretted.”What we want is to find an honest, capable buyer who can get the group back on its feet and get it out of the doldrums. (…) We don’t want to end up like Camaïeu, our chance is to take our fate into our own hands.” he continued.


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