The examination of the file is postponed to January 16. In the meantime, an investigating judge has been appointed. Its mission will consist of “making an accurate statement of the financial situation” of the Go Sport group and its subsidiary Go Sport France with the help of the audit firms and auditors concerned.
The decision of the Grenoble commercial court to put the verdict on hold is “a message of vigilance but also of confidence, which calls for the mobilization of all the actors to save the company”, underlines the parquet floor, at the origin of its assignment in receivership after economic alerts received by the auditors and the central social and economic committee (CSEC) of Go Sport.
A loss-making group for decades
Hermione People and Brands (HPB), parent company of Go Sport, welcomed Wednesday the decision of the commercial court which “confirms that there is no urgency in the financial situation of Go Sport”, a position that its leaders had defended during a first hearing on December 19th.
The court’s decision “should allow the 2,160 employees of Go Sport, unjustly worried by the dissemination of erroneous, unfounded, denigrating or defamatory information about the company and its managers, to regain serenity and confidence in their company and in the work already done since the takeover of GO Sport by Hermione People and Brands, less than a year ago, “says the group.
HPB continues by promising “a return to profits as early as 2023, after 17 years of losses”. Loss-making for years, Go Sport, founded in 1978 and based in Sassenage in the suburbs of Grenoble, 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.