She says she is suffering the backlash of the judgment of the Court of Cassation, which forced so-called non-essential businesses and which had to close during the spring 2020 confinement, to pay their rents.
The San Marina shoe brand, formerly owned by the Vivarte group and which employs 680 people in 163 stores in France, has requested its placement in receivership by the Marseille commercial court, it announced in a press release on Tuesday. .
San Marina, based in Gémenos in the Bouches-du-Rhône, says in particular that it has suffered the repercussions of the judgment of the Court of Cassation which forced, last June, the so-called non-essential traders and who had had to keep their doors closed during the confinement of spring 2020, to pay their rents. “After a disappointing summer season for the market“, completes the company, it “seeks the opening of a receivership for its benefit with the Commercial Court of Marseille“. The hearing is scheduled for Thursday anda judgment will be rendered shortly after this hearing“.
A recovery plan
San Marina, who says he is “notnot able to assume at the same time, in particular, the payment of its current rents and the immediate repayment of its debt due“, intends to propose “a recovery plan that will include a repayment spread over a maximum period of ten years» claims dating from before the reorganization procedure. The company, which had been sold in early 2020 by Vivarte to Stéphane Collaert, had already announced in the spring of 2022 a job protection plan (PSE) “covering 152 posts out of 680” and “the adaptation of its store network“. At the time of entering into negotiations with Vivarte, there was talk of 230 stores, the brand claimed 163 on Tuesday.
The management, which informed the social and economic committee (CSE) of the sign on Tuesday of this request for receivership, specifies that the PSE should be “temporarily suspendedduring the observation period following the receivership. At the beginning of August, another French ready-to-wear brand, Camaieu, had requested its receivership, citing “the resultsof the judgment of the Court of Cassation.
Read alsoTextile: Mado Marcel threatened with extinction
The textile distribution sector, particularly in the mid-range, has been suffering for years in France. Business remains complicated this year, notably with concerns about purchasing power, which are pushing many consumers to postpone their purchases of clothing, considered to be less of a priority than food or children’s equipment, for example.
SEE ALSO – Camaïeu, in cessation of payments, placed in receivership