This failure rate has never been observed for 25 years, according to the firm Altares which reveals these figures. Restaurants and retail have been hit hard.
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Nearly 9,000 business failures were recorded this summer 2022, reveals franceinfo Tuesday, October 11. According to the count collected from the firm Altares, expert in information on companies, 8,950 procedures were opened in the third quarter of 2022, safeguard procedures, reorganizations or judicial liquidations. This is 69% more than in the summer of 2021.
>> Economy: how to explain that business failures are on the rise in France
Altares notes that this rate has never been observed for 25 years. Restaurants, convenience stores and hair salons in particular are the sectors most affected by business failures, the fault of teleworking which has greatly upset customer habits. Altares counts 150% more procedures this summer in catering compared to the same period as last year. Retail businesses, whether food or not, were also strongly affected: twice as many failures in mini-markets and 94% in hairdressing salons and beauty salons.
The smaller the company, the more fragile it is, further notes the firm Altares. Three quarters of the procedures affect VSEs with less than three employees and companies less than three years old, born during the health crisis.