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The number of bankruptcies increased by 43.6% in the first quarter of 2023, compared to the previous year. More than 14,300 companies are affected, i.e. the level before the health crisis.
Éric Legros’ professional life changed a week ago. Its cheese dairy closed Tuesday, April 11, at 1 p.m. Today, all his windows are empty, as is his cash register. In one year, the rise in the price of raw materials, such as milk or butter, caused him to lose the many customers won during the confinements. “People were no longer able to follow, they came less often, they bought less”he confides.
Business failures up 43.6% compared to 2022
His turnover fell by 40%, and he was no longer able to honor his suppliers’ invoices, or even pay the rent. After three years of activity, it closed. He is not the only one to lower the curtain. In the first quarter, business failures were up 43.6% compared to 2022, a return to the level before the Covid-19 crisis. The most affected are VSEs such as hairdressing salons, restaurants or bakeries. The three main reasons are the war in Ukraine, inflation and the energy crisis.
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