86 632
Fashion Jobs
MACY'S
Retail Fulfillment Associate, University Park Mall - Part Time
Permanent · MISHAWAKA
MACY'S
Asset Protection Captain, Interstate - Full Time
Permanent · RAMSEY
MACY'S
Retail Fulfillment Associate, Ventura Pacific View - Part Time
Permanent · VENTURA
MACY'S
Asset Protection Detective, South Beach - Full Time
Permanent · MIAMI BEACH
MACY'S
Asset Protection Security Guard, Garden State Park - Full Time
Permanent · CHERRY HILL
MACY'S
Retail Fulfillment Associate, White Oaks - Part Time
Permanent · SPRINGFIELD
MACY'S
Retail Fulfillment Associate, Galleria at Pittsburgh Mills - Part Time
Permanent · TARENTUM
MACY'S
Asset Protection Captain, Orland Square - Full Time
Permanent · ORLAND PARK
MACY'S
Asset Protection Security Guard, Queens Center - Part Time
Permanent · NEW YORK
MACY'S
Retail Fulfillment Associate, Village at Fairview - Part Time
Permanent · FAIRVIEW
MACY'S
Asset Protection Detective, Marley Station - Part Time
Permanent · GLEN BURNIE
MACY'S
Asset Protection Security Guard, Broadcasting Square - Part Time
Permanent · WYOMISSING
MACY'S
Asset Protection Security Guard, Winter Garden Village - Part Time
Permanent · WINTER GARDEN
MACY'S
Manager, Asset Protection
Permanent · SPRINGFIELD
MACY'S
Asset Protection Security Guard, Centerton Square - Part Time
Permanent · MOUNT LAUREL TOWNSHIP
MACY'S
Retail Fulfillment Associate, Westland - Part Time
Permanent · HIALEAH
MACY'S
Asset Protection Security Guard, Bloomingdale Court - Part Time
Permanent · BLOOMINGDALE
MACY'S
Retail Fulfillment Associate, Cumberland Mall - Full Time
Permanent · ATLANTA
MACY'S
Asset Protection Security Guard, Broadcasting Square - Full Time
Permanent · WYOMISSING
MACY'S
Retail Fulfillment Associate, Riverpark - Part Time
Permanent · FRESNO
MACY'S
Retail Fulfillment Associate, Shoppes at Buckland Hills - Part Time
Permanent · MANCHESTER
MACY'S
Retail Fulfillment Associate, Empire - Part Time
Permanent · SIOUX FALLS
Translated by
Cassidy STEPHENS
Published
Jan 19, 2023
Reading time
2 minutes
Download
Download the article
Print
Text size

Go Sport goes into receivership

Translated by
Cassidy STEPHENS
Published
Jan 19, 2023

The verdict is in, the commercial court of Grenoble announced on January 19 the placement of Go Sport in receivership, whose financial state worried its employees and auditors. The sporting goods retailer is following the same path as Camaïeu, another chain owned by the HPB group, which began this procedure in the summer of 2022, ending in a judicial liquidation on September 28.


Space dedicated to Yoga and relaxing in the Paris République store - Go Sport


"In a well-reasoned judgement, the court (...) noted the state of cessation of payments of the company Groupe Go Sport and opened a procedure for judicial recovery," announced the Grenoble public prosecutor in a statement. It said that "Go Sport France has not been declared in suspension of payments, but its situation will be affected by that of its parent company", which is also the subject of a preliminary investigation for "abuse of corporate assets."

A six-month observation period has been opened, with the appointment of two administrators and two legal representatives. This is to "manage the company in the best interests of employees and creditors, under the control of judges and the public prosecutor," the Grenoble public prosecutor's office added.

On Wednesday, the court also confirmed the opening of a preliminary investigation into the misuse of corporate assets since November 2022, in light of financial movements that appear suspicious, in particular a 36 million euro transaction from Go Sport to its parent company, the HPB group.

The company was headed in early January by Patrick Puy, who previously restructured the Vivarte group. It has 2,160 employees, and a network of 223 shops including Go Sport, Endurance Shop and Bike+. It recently acquired the Gap France entity, another HPB asset. 

The group owned by Michel Ohayon had insisted a few weeks ago that the company was a "healthy business", "in full development", and that "no confusion" should be made between Go Sport and Camaïeu, even announcing that it was counting on "a return to profits as early as 2023, after seventeen years of losses".

What will happen now that the court-ordered reorganisation has been triggered? A possible sale, once mentioned by the management, could be on the table again, within the framework of this procedure which allows calls for tenders.

Fashion Network with AFP

Copyright © 2024 FashionNetwork.com All rights reserved.