The San Marina shoe brand placed in compulsory liquidation, leading to the closure of 163 stores in France.

After the Camaïeux company, placed in compulsory liquidation in September, it is the turn of San Marina to put the key under the door, Monday, February 20. The Marseille commercial court has rendered its decision and officially closed the 163 stores of the shoe brand in France.

“No serious takeover project could be supported and the current leaders were unable to complete their reserve offer project for lack of investors”, explains the court. San Marina had been placed in receivership since last fall. The approximately 650 people employed by the company will be made redundant, the unions announced on Saturday.

This court decision comes as several other clothing brands have been placed in receivership in recent weeks, such as Go Sport. On Friday, about twenty Galeries Lafayette stores in the region, controlled by Bordeaux businessman Michel Ohayon, have been placed under safeguard.