[ad_1]
Paris – The Commercial Court of Paris has postponed to September 10 the review of the continuation plan presented by the CEO of the group Ludendo (Grande Récré), in receivership since mid-March, have we learned Tuesday from source close to the file.
The hearing in which Jean-Michel Grunberg, the son of the founder of the toy distribution company, was to present his plan for a resumption held out well on Tuesday, but the court asked for more information.
The case of the party " e-commerce " of the group has been added to the file and must also be the subject of a takeover offer, it was also said source.
The plan of Mr. Grunberg provides that the group, 62% owned by the family holding, separates " subsidiaries and unprofitable stores ", including abroad (Spain, Switzerland , Belgium). " The closure of 62 stores is already underway ," he badured AFP on June 13.
million. Grunberg was alone in the running, after the withdrawal of the other project of recovery, filed on June 15 by the group Fnac Darty.
The latter did not wish Tuesday to defend his offer before the court, " priority being given, in the context of the procedure, to the continuation plan ", explained to AFP a another source close to the file.
" Indeed, in the event that the court would prefer the offer of Fnac Darty, the attitude of the current shareholder could lead to a series of legal remedies that would be against the interests of La Grande Récré ", it was estimated from the same source.
Fnac Darty's plan provided for the resumption of almost all the stores and employees of La Grande Récré, ie its badets, but not its liabilities valued at 150 million euros.
Founded in 1977 by Maurice Grunberg, Ludendo specializes in the trade of games, toys, parties and recreation for the child and the family.
With sales under banners of 460 million euros in 2017, it has nearly 400 stores worldwide, 2,500 direct employees and 100 franchisees.
Wednesday, another major player in the distribution of toys in France will find himself in court: the French subsidiary of Toys'R Us, which has 53 stores and employs 1,300 employees, must be placed in receivership by the Commercial Court of Evry (Essonne).
Number 1 in the sale of toys in France, Toys'R'Us announced mid-March that it was looking for a buyer, following the announcement of the liquidation of 735 stores of the sign to United States.
The decision of the court of Evry should be known in September.
Source link
