The economic crisis, linked to the health crisis, has had effects on the caterer, Fauchon, famous for its macarons, chocolates and delicatessen. The company announced Tuesday that it asked the tribunal de commerce ” the opening of a procedure of legal redress “, which will be its headquarters and its three boutiques in paris, located place de la Madeleine. The three shops (one of which is always closed) and the head office, employ up to 130 people.
The turnover of the parent company, groupe Fauchon SA, has been “severely impacted” successively by the social movements of the yellow Vests and protest against the pensions reform, and then the weeks of closure imposed by the epidemic of Covid-19, so that the “operating costs” of the parisian department stores ” have become unsustainable “, said in a statement that the chain is iconic. Its management has informed the staff representatives of the project of opening of a collective procedure this Tuesday, at a meeting of the economic and social committee, said the release.
Read also EXCLUSIVE. Visit the first hotel of Fauchon in the Madeleine in Paris
Restoring fiscal balance
“This restructuring is a necessary step in the reorganization of the company and maintenance of its balances vital,” says the executive, deeming this solution ” best suited to deal with the situation of financial deficit, including its stores, place de la Madeleine “, according to the same source. It should allow to ” restore the balance of operations of the company, to strengthen the links with its partners and continue its activity, in order to strengthen the deployment of its brand, which currently has 73 shops and restaurants in the world, including 30 in Japan, 20 in France and 15 in the Middle East, operated in franchise.
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