The Habitat furniture brand has been placed in liquidation

The Habitat furniture brand, in great financial difficulty, was placed in compulsory liquidation without maintaining its activity, Thursday, December 28, by the Bobigny commercial court, according to the decision consulted by AFP, confirming information from Release. As franceinfo learned on December 20, the judicial administrators of the Habitat group had requested this judicial liquidation, which is facing great financial difficulties. And this, less than ten days after the company was placed in receivership.

According to AFP, the court recalls that it “it appeared from the judicial administrator’s report that there is no possibility of developing a recovery plan” and that the situation was “irreparably compromised” for Habitat, in particular “due to the lack of cash flow and the inability to use the brand.” “The company no longer has any turnover, the stores are closed” And “the outstanding amount of undelivered customers who have paid a deposit is 9 million euros”it is specified in the judgment.

Created in 1964, the brand has 25 stores in France and employs 383 people, including the parent company Habitat Design International, according to AFP. Habitat’s turnover increased from 100 million euros in 2019 to 80 million euros in 2022.