Michel Ohayon at the Commercial Court of Lille Métropole, in Tourcoing, on September 28, 2022. Thierry Thorel / PHOTOPQR / VOICE OF THE NORTH / MAXPPP
STORY – The Bordelais wanted to revive the city centers by taking over struggling brands, such as the 22 Galeries Lafayette franchise stores. His house of cards is collapsing.
In February 2018, Michel Ohayon appeared on the front of the French commercial scene as the savior of declining brands. He presented himself as the re-enchanter of the city centers of France, deserted by the shops. Less than five years later, the disillusion is equal to the hopes, perhaps unrealistic, that he had aroused.
Camaïeu was liquidated in September; Go Sport is in receivership; Gap will soon be, as will Café Legal; the Grande Récré is already under the protection of the commercial court. As for the 22 Galeries Lafayette department stores taken over as franchises in 2018, they will soon be placed under the safeguard regime. A measure takento protect them from the context of ambient aggression“, assures Michel Ohayon.
Read alsoGap, Camaïeu, Go Sport… The man who built an empire for a symbolic euro
The real estate empire built by the self-taught sexagenarian is cracking on all sides. The setbacks of HPB, its branch dedicated to distribution (Gap, Go Sport, 22 Galeries Lafayette in the provinces, Legal cafes) weaken the whole building…
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