In this episode of La Loupe, Thibault Marotte and Béatrice Mathieu, reporters specializing in the economy at L’Express, decipher the reasons for the explosion in the number of failures in 2023.
FIND ALL THE EPISODES OF THE MAGNIFIER
Listen to this episode and subscribe to La Loupe on Apple Podcasts, Spotify, Deezer, Google Podcasts, Addict Podcast And Amazon Music.
The team: Charlotte Baris (presentation), Mathias Penguilly (writing and editing), Jules Krot (production).
Credits: BFM Business, Boursorama, France 3, France Inter
Music and dressing: Emmanuel Herschon/Studio Torrent
Image credits: Jacques Demarthon/AFP
Logo: Anne-Laure Chapelain/Benjamin Chazal
How to listen to a podcast? follow the leader.
Charlotte Baris: To start this episode, I have prepared a small file for you with newspaper clippings from the regional daily press (from the Voice of the North to be more precise). I’m going to read you a few extracts, and you’ll quickly see where I’m going with this. We start with this one, dated March 17, 2021 : “In Lille, Habitat is leaving rue Esquermoise… Established for almost twenty years in the chic artery of the city center, Habitat announces its closure on April 24…”
We move forward in time, this time with another newspaper clipping dated February 24, 2023, almost a year ago: “The Habitat furniture brand is making a comeback in Lille… the store is moving to the place of the former H & M, rue de Béthune. Opening planned may’s beginning.” And I end with the most recent extract (it was about a month ago): “The Habitat furniture brand was placed in receivership this week, due to “deep financial difficulties”. The chain of furniture stores has 25 stores in France, including a rue de Béthune in Lille which has just opened.”
Since the publication of the last article that I read to you, the commercial court has even placed the company in compulsory liquidation, that is to say, it has ended its activity and its assets will be sold for pay his creditors. The case of the furniture brand is far from isolated. In recent months, the number of bankruptcies in France has exploded… and they affect all sectors. So how did our businesses become so fragile, and should we be worried about 2024? These are the questions we are asking at La Loupe today…
For further :
Casino, Atos, Habitat… French companies victims of the poison of debt
Business bankruptcies: concern around SMEs
French companies: the big concerns of bosses for 2024
Habitat, Pimkie, Gap France… Why the mid-range is no longer popular