The André shoe brand partially sold to a Belgian company by court order

André shoes, in receivership since February, are the subject of“a transfer plan” partial decree by the Commercial Court of Nanterre for the benefit of a Belgian company. This was declared Thursday, May 4 to AFP by one of the judicial administrators of the famous sign, the company Optakare. The latter is preparing to take over 21 stores out of the 49 held so far by 1Monde9, owner since 2020 of André, a brand more than a century old, as well as 119 employees of its 250 employees, she said, confirming information from the specialized press title Fashion Network. “Optakar takes over the brand” André, according to the administrator, who did not specify the amount of this acquisition.

In its decision, handed down on May 2, the court provided “a substitution option for the benefit of a French takeover company”detailed the judicial administrator, adding that this company was “under construction”.

The 1Monde9 company of François Feijoo, himself a former CEO of the brand, had taken over André in 2020 before declaring the cessation of his payments at the end of January 2023, requesting the opening of receivership proceedings. Shortly after, the Nanterre Commercial Court set the company’s observation period at six months. During the 2020 takeover, only a third of the brand’s points of sale had been retained, the takeover plan then providing for the dismissal of just under 200 employees.