Seven takeover offers for Camaïeu

Posted Jul 1, 2020, 12:42 p.m.Updated on Jul 1, 2020 at 5:22 p.m.

Weakened by its debt and cash undermined by several crises, Camaïeu was put into receivership on May 26, with regard to its French perimeter, ie 632 stores and 3,230 employees. The clothing chain is no less attractive. As proof, seven takeover offers were filed Monday at the Lille Métropole commercial court. Two even relate to a total takeover of the company.

The first comes from management. The president, Johannes Soënnen, who arrived at the head of the chain last September, is financially supported by three funds, CVC Credit Partners, Farallon and GoldenTree. According to the unions, this offer would consist in taking over the company for 2 million euros, and adding 30 million equity. With the abolition of 250 stores, or 40% of the current fleet, of 1,246 positions including 116 in central services, and the outsourcing of logistics. This offer is subject to obtaining a loan guaranteed by the State (PGE), which was again requested for an amount of 45 million euros.

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