In difficulty for months, the sign has just been placed in receivership by the Commercial Court of Grenoble.
The company Go Sport France has been placed in receivership, two weeks after its parent company, the sporting goods distributor Groupe Go Sport, according to a judgment of the Grenoble Commercial Court made public on Thursday.
“A shortfall in assets of 158 million euros“was noted by the court, according to the text of the judgment, dated February 1, 2023. This insufficiency is “the consequence of the termination of the cash agreement previously granted by the parent company Groupe Go sport“said deputy prosecutor François Touret de Coucy in a press release.
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Groupe Go Sport had itself been declared in receivership on February 19 by the Grenoble commercial court. The prosecution then stressed that the situation of Go Sport France, spared at the time by this measure, would however be “impacted by that of its parent company“.
At the end of December 2022, after a first hearing, justice had given an investigating judge the mission of “make an accurate statement of the financial situationof the Go Sport group and its subsidiary, with the help of its audit firms and its auditors. Union representatives and the central social and economic committee (CSEC) had questioned the financial health of the group in recent months, expressing alarm in particular over a rise of 36 million euros in cash from Go Sport to its parent company, the HPB group. .
The prosecution had indicated in January that it had opened an investigation for “abuse of social good“regarding Go Sport after”the auditors transmitted several revelations of criminal acts“. These court decisions come a few weeks after the liquidation of Camaïeu – which belonged to the same group (Hermione, People & Brands), distribution branch of the Financière immobilière bordelaise (FIB), an investment fund of the Bordeaux businessman Michel Ohayon.