The furniture and decorative accessories brand claims to have “faced profound financial difficulties”. She was placed in receivership this Wednesday morning.
Will the Habitat brand recover from this ordeal? The company specializing in furniture announced on November 30 that it had requested its placement in receivership due to “deep financial difficulties”, according to a press release.
The commercial court of Bobigny (Seine-Saint-Denis) placed Habitat in receivership this Wednesday morning, we learned The Parisian. The administrators and legal representatives must be appointed on Thursday. The observation period is scheduled until the end of January and a new hearing before the court.
“The objective is to stabilize the financial situation of the brand which has never been profitable in France”
“Facing extreme economic difficulties which affect the entire development sector, Habitat is forced to place itself under the protection of the Bobigny commercial court on which it depends to request the opening of legal redress for its benefit” , the brand explained last week.
This request for placement in receivership has “the objective of stabilizing the financial situation of the brand which has never been profitable in France and ensuring the long-term viability of Habitat”.
Hundreds of employees at stake
During the recovery period, stores will remain open. The brand matters 26 stores in France and 450 employees. In France, eight out of twenty-six stores are expected to close soon: Albi, Nice, Grenoble, Paris, Nantes, Rennes, Reims and Toulon. On the other hand, that of Montpellier, in Port-Marianne, would not be on the black list. Nor that of Toulouse.