Econostrum | Economic News in the Mediterranean



Alinea furniture shops taken over by its shareholders

Alinea will keep only nine shops (photo: Alinea)
Alinea will keep only nine shops (photo: Alinea)
FRANCE. As expected, in the absence of any other offer and to avoid a direct judicial liquidation, the Commercial Court of Marseille validated, on Monday 14th September 2020, the takeover of the furniture brand Alinéa by its shareholders the Mulliez Family Association (AFM 85%) and its CEO Alexis Mulliez (15%).

A new structure, Néomarché, is carrying the project of a partial takeover comprising only nine shops out of the existing twenty-six. The Poitiers unit will be sold to the Gifi group. 865 of the 1,861 employees will be retained.

The old, and therefore new, shareholders will release a €2 million package of aid to help people return to work, as well as a sum of "several million euros" which will be distributed among the people made redundant, who will be offered more than 900 permanent jobs within the Mulliez group and more than 700 permanent jobs in other companies.

Based in Aubagne, near Marseille, Alinea had been in receivership since 18 May 2020.


Frédéric Dubessy

Monday, September 14th 2020

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