Type
Merger/Acquisition
Country
France
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing

257 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2024
Employment effect (start)
16 September 2024
Foreseen end date
30 September 2024

Description

Placed in compulsory liquidation last May, the women's ready-to-wear group Sedev (which owns the ‘Des marques et vous’ brand, formerly ‘Devianne’) was taken over by two competitors: Intersport via its subsidiary Blackstore and Chaussea. As regards jobs, only 143 out of 400 will be retained. Around 40 employees at the head office in Marcq-en-Barœul will not be taken over.

The court chose their bid, out of the four submitted, as it was preserving the most jobs and shops. The new buyers will keep around twenty of the 35 existing shops (Intersport will acquire 12 and Chaussea 8).


Sources

Citation

Eurofound (2024), Sedev, Merger/Acquisition in France, factsheet number 201583, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201583.