Go Sport before the commercial court, the unions fear a cessation of payments

Go Sport is shaking. A hearing is scheduled for 9 a.m. Monday before the Grenoble commercial court, indicates the local prosecutor’s office which summoned the management. Objective: to check that the company will not be in default of payments in the short term. “Go Sport is not in a state of insolvency”, assured the Hermione group, People and Brands (HPB), its parent company, in early December.

And yet, the alerts are multiplying. The elected representatives of the social and economic committee (CSE) and the trade unions CGT, FO, CFE-CGC, CFTC and CFDT thus requested at the beginning of December the appointment of a judicial administrator within the framework of an economic alert right procedure . During a first hearing held last Tuesday following this summons from the CSE, HPB “expressed the wish to request the opening of a conciliation procedure”, explained the CGT on Friday in a press release.

The fate of Camaïeu in the memories

According to the CGT, the auditors “refused to validate the financial data” of Go Sport during a general meeting “while stipulating the state of cessation of payments since October and November”. “Everyone is in a panic,” says a union representative on condition of anonymity. “We have very few goods on the shelves, the suppliers do not want to supply us. Employee representatives fear that the “more than 2,000 employees of Go Sport” will “suffer (sent) the fate of the employees of Camaïeu”, the ready-to-wear brand liquidated at the end of September and also owned by HPB, according to a statement sent to AFP in early December.

The group had tried to reassure in stride. “Go Sport has honored more than 70 million euros in exceptional charges” but “these charges will no longer weigh in 2023, which will make it possible to regain investment capacity and a return to profit after years of loss”, had assured HPB. In loss for years, Go Sport, founded in 1978 and based in Sassenage in Isère, had been bought at the end of 2021 for a symbolic euro by HPB from the parent company of the Casino food distribution group, the company Rallye, itself even heavily in debt.

source site