Spodis (JD Sports activities) retained to amass Hole France, 214 jobs saved

Spodis, subsidiary of the British group JD Sports activities, has been retained by the Business Court docket of Grenoble to take over a lot of Hole France’s enterprise.

The Société Spodis, appartenant au groupe coté à Londres JD Sports activities, a été retenue par le tribunal de commerce de Grenoble for reprendre at a prize of 300,000 euros une grande partie de l’exercise de la société Wilsam, filiale of the groupe Ohayon detentrice of magasins GAP in France.

“With reasonable working and monetary projections, and the power to assist working capital and fairness investments, Spodis is defending 214 jobs out of 336, with a dedication to make no redundancies for 2 years,” it introduced Thursday on a parquet flooring in Grenoble. launch.

“The roles seized come from 19 shops, the pinnacle workplace and a couple of corners +, however solely 9 shops have been totally seized,” the prosecution famous, explaining that the court docket “retained the proximity of the actions of Hole (retail and attire) and JD Sports activities (retail of attire) ) and respect for enterprise continuity”, whereas the supply was not unanimous amongst workers, frightened of seeing the Hole model disappear.

judicial steering

Spodis remained the one favourite within the race since Hema France and Shopinvest, which initially bid, lastly pulled out. The Intersport Group – the Go Sport’s newest purchaser – had capitulated at the beginning of April. The court docket additionally dominated out the opportunity of a redemption plan, within the absence of a “written doc supporting the challenge” cited by Wilsam, whose court docket had ordered liquidation, permitting the remaining retailers to be bought to different patrons.

The Hole France model, a subsidiary of Michel Ohayon’s Hermione, Manufacturers & Folks (HPB) holding firm, was positioned into receivership in early March, with liabilities of roughly €6 million on the time. That legal responsibility had risen to greater than 34 million on the day of the April 26 listening to.

Acquired in 2021 for a symbolic euro, Hole France is a part of the Ohayon group, which has been in turmoil for a number of months: after the liquidation of its Camaïeu model (2,600 workers) in September, the principle holding firm, Financière immobilière bordelaise (FIB) was declared bankrupt And 25 Galeries Lafayette shops have been positioned in protecting measures.

JD Sports activities, a gaggle valued at round €10 billion, generates 30% of its turnover within the UK, 30% within the US and 30% in Europe. It employs about 70,000 individuals.

A very powerful objects