The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14.13 - Manufacture of other outerwear
130 jobs Number of planned job losses
Announcement Date
26 October 2015
Employment effect (start)
1 November 2015
Foreseen end date
31 January 2016
Description
The commercial court of Paris has agreed the takeover of the clothes manufacturer and retailer Gérard Darel by the group HGDLMA, which will result in the loss of 130 jobs. The company was placed in receivership in June 2015. The new owners will invest €40 million and keep 630 of the 760 employees in France (the group employs a total workforce of 1100 employees worldwide). HGDLMA is owned by the family who created the Gérard Darel brand. Gérard Darel has 300 shops worldwide, half of which are in France, with a turnover of €200 million. The new owners must face a decrease of clothes sales in France and sharp competition with new competitors.
Sources
26 October 2015: Le Parisien
Citation
Eurofound (2015), Gérard Darel , Merger/Acquisition in France, factsheet number 85223, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85223.
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