Habitat, “in deep financial difficulties”, requests its placement in receivership

The brand specializing in home furnishings has 25 stores in France and employs 450 people.

The Habitat brand announced on Thursday, November 30, that it had requested its placement in receivership due to “deep financial difficulties”. Created in 1964, the brand specializing in furniture and home equipment has 25 stores in France and employs 450 people. During the receivership period, these stores will remain open.

The management of the group, which “prepares a recovery plan through continuation so as to achieve sustainable profitability”decided to “recourse to the protection of the Bobigny commercial court” in order to “stabilize the financial situation of the brand”, explains a press release. Habitat’s turnover increased from 100 million euros in 2019 to 80 million in 2022.

Departure of the general manager

The company also states that “the primary objective is to ensure the payment of all suppliers and the delivery of orders to customers in a calm environment adapted to the situation”. She also announces that“a recent strategic review, triggered by internal signals, resulted in measures to redress the situation, including the departure of Habitat’s CEO”Franck Deshayes.

Around a hundred employees of the brand gathered on November 24 in front of one of the brand’s Parisian stores, that of Pont-Neuf, which must close due to “a plan to terminate the lease early”, without layoffs. , depending on management.