Nevertheless,
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Finis. Meanwhile, the cheap decoration and furnishings articles by Casa France: the Bobigny Commercial Court pronounced the brand’s judicial liquidation on Friday, whose stores will close, leaving nearly 600 employees on the tile.
The Bobigny Commercial Court “pronounces the conversion of the receivership procedure into compulsory liquidation without maintaining the activity of the company”. Meanwhile, according to the decision consulted by AFP.
The brand with the green. In addition, white logo will therefore disappear: this decision “leads to the final cessation of the activities of all the stores of the brand in France, as well as its support functions”, commented Casa France in a press release.
“In this context, all the shops are being closed,” adds the chain.
The management told AFP that “the closure of stores is underway, under the responsibility end clap casa france furnishings of the judicial liquidator. In addition, A rapid cessation of the activity is expected. Meanwhile, The remaining stocks will be integrated into the liquidation procedure. under the responsibility of the liquidator, which may decide their transfer within the framework of the settlement of claims”.
Casa France and its 145 stores employ nearly 600 permanent employees.
Nine recovery offers had however been filed. but none led: four were dismissed by the administrators, two were deemed inadmissible, one was rejected, and two buyers finally withdrew, it was specified in the decision of the court.
The liquidation “follows the absence of recovery offers deemed admissible. sufficiently sustainable with regard to the criteria defined by the Commercial Code”, underlines Casa France.
This outcome was expected: on June 11. the administrators of Casa France asked for the placement of the company in compulsory liquidation, when end clap casa france furnishings it appeared that the recovery offers risked being declared inadmissible.
At the end of March. however, when the brand announced that it was asking for its investment in receivership, it then said to hope to find “one or more buyers” for its points of sale.
Casa France specifies to date “a cash flow of 15 million euros (against 3 million euros at the opening of the procedure). which will allow a significant part of the liability to be paid in the context of compulsory liquidation”.
– Decorative market in crisis –
“This liquidation is the direct consequence of the failure of Casa International. a Belgian subsidiary of the group, placed in liquidation in March 2025”, specifies Casa France.
However. the Belgian subsidiary, “historic entity”, “centralized essential functions – logistics, computer, finance, purchases – without which subsidiaries, including Casa France, could end clap casa france furnishings not work independently”.
A blow of grace for the brand. in “a market already in crisis for the furniture and decoration sector, strongly impacted by the economic sector conjuncture”, notes Casa France.
Like many brands in the sector. the company has suffered from a slowdown in cases linked to the real estate crisis, but also from competition from the Swedish giant IKEA and online commerce.
The Casa group had already closed. sold more than 10% of its stores in Europe, as part of a recovery plan implemented in early 2024 and intended to reconnect with profitability in 2026.
The furniture sector had experienced a post-Cavid rebound, before stabilizing and then marking the step in 2024.
In its stores, the brand offered furniture and accessories for the house and the garden, as well as decorative items.
The CASA end clap casa france furnishings channel, created in 1975 in Belgium, is present in nine countries, with a network of 400 stores. The CASA group has more than 2,500 employees.
Posted on June 27 at 7:31 p.m. AFP
End clap casa france furnishings
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