Intersport is preparing to make a takeover offer on Go Sport
Intersport is preparing to make a takeover bid on its competitor Go Sport. Philippe HUGUEN / AFP
The takeover offer must be filed by Friday with the Grenoble Commercial Court, which had placed Go Sport in receivership.
The chain of sports stores Intersport is preparing to make a takeover offer on its competitor Go Sport, in receivership, we learned Thursday from a source familiar with the matter confirming information from the echoes , while the leader of the troubled group was dismissed. This takeover offer must be filed by Friday, the deadline for submitting offers to the Grenoble Commercial Court, which had placed Go Sport in receivership in February.
Furthermore, the general manager of Go Sports, Patrick Puy, was dismissed by the parent company Hermione People & Brands (HPB), two months after his arrival, we learned from the latter on Thursday. Asked by AFP, HPB did not wish to comment on the reasons for this revocation, initially revealed by the newspaper Le Monde and the specialist magazine LSA. Specialist in corporate restructuring and recently passed by Vivarte, Patrick Puy was appointed head of Go Sport on January 4. HPB had then presented it as “broken in social dialogue in business”charge “to pursue the necessary transformation” of the society.
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He was the second general manager in less than a year after Benoît Verdier, appointed at the end of February 2022. Go Sport is also under investigation for “abuse of social goodthe after that “the auditors have transmitted several revelations of criminal facts”according to the Grenoble prosecutor’s office.
HPB in receivership
Loss-making for years, the group, founded in 1978 and based in Sassenage in the suburbs of Grenoble, was bought at the end of 2021 for a symbolic euro by HPB from the parent company of the Casino food distribution group, the company Rallye, itself heavily in debt. The company employs just over 2,000 people. In cessation of payments, the FIB is the holding company of the Bordeaux businessman Michel Ohayon, currently in turmoil between financial difficulties and suspicions of fraud.
It has HPB in its subsidiaries, which include several chain stores, including Camaïeu, which was liquidated in September 2022, Go Sport and Gap France, also in receivership. HPB was placed in receivership in January.
SEE ALSO – Go Sport France placed in receivership
