“With the takeover of 72 stores corresponding to 90% of jobs, Intersport buys Go Sport for 35 million euros”, can we read in a press release from the prosecution.
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The Grenoble commercial court chose the Intersport cooperative to take over the struggling group Go Sport, judging its offer better than that of its main competitor Frasers-Sports Direct, according to a judgment rendered on Friday April 28. The court thus followed “the unanimous opinion of the prosecution, creditors and employees”, underlines the deputy prosecutor François Touret de Coucy in a press release. According to him, Intersport undertakes to resume “72 stores corresponding to 90% of jobs”for a price of 35 million euros.
Industry Minister Roland Lescure hailed a “good news” but specified that the “priority” was support for employees who were not included. “We are delighted with this decision and this favorable outcome for the future of Go Sport and its employees”commented for his part in a press release the current owner, the group Hermione People Brand (HPB), one of the subsidiaries of the empire of the Bordeaux businessman Michel Ohayon, in full financial and judicial turmoil.
The offers of Intersport France and Frasers had appeared from the start as the best placed to win against those of the other candidates, who only offered partial takeovers of its assets and employees.
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