The French furniture and decoration brand Alinéa files for bankruptcy

The famous French furniture and decoration brand Alinéa has filed for bankruptcy, its director general, Alexis Mulliez, announced this Saturday at Provence.

In question: “We had back to back the yellow vests in late 2018 and the
demonstrations against the pension reform at the end of 2019. By maintaining the
Covid-19 which forced us to cease our activity for almost two months, “said Alexis Mulliez. “It was no longer possible to hold on and that is why we declared the state of cessation of payment and we are placed under the protection of the Commercial Court of Marseille,” he adds.

Provence specifies that the consular judges fixed the date of cessation of payments to May 6 and opened a procedure of judicial reorganization. The regional daily adds that two possibilities are possible to turn around the business: the filing of a continuation plan by its shareholders or the call for buyers. The deadlines for submission of tenders are open until June 16. “All the possibilities are on the table, including a complementary external recovery,” said Alexis Mulliez to our colleagues.