The sportsman’s rooster, which equipped the French delegation during the Paris Olympic Games last summer and has nearly 300 employees in France, was placed in receivership last November. Two offers are in the running for its takeover, the Paris economic affairs court having to render its decision on Friday.
One of the two offers is carried by the Franco-Swiss businessman Dan Mamane, while the second emanates from a consortium bringing together the French billionaire Xavier Niel, the judoka Teddy Riner, the investment company Neopar, the American group Iconix (Lee Cooper, Umbro) as well as the current boss of Airesis, mother house of the sports coq, Marc-Henri Beausure, and the family Camuset, founder of the brand.
In a letter of five pages dated June 26 and addressed to the President of the Court as well as to the Prosecutor of the Republic of Paris – that AFP obtained – the Cabinet of Business Law August Debouzy “Solles the reopening of the debates as part of the examination of recovery plan projects, in that the process followed to date has been, in multiple respects, vitiated by breaches of the fundamental principles which govern the collective procedure”.
“It appears that the plan presented by the consortium composed of Iconix, Neopar, Airesis and their partners, although having been regularly transmitted within the prescribed deadlines, has been deliberately hampered, weakened, then ousted from the examination process“Affirm the cabinet, who denounces a”methodical obstruction of judicial administrators “.
According to August Debouzy, “The plan presented by the consortium was not excluded because of its economic or legal characteristics, but because the judicial administrators, from the first weeks of the procedure, decided to make the plan supported by Mr. Mamane their own plan “.
According to its recovery project made public in May, the consortium is increased to 51% by the investment company Neopar, specialist in “business reversal” and owned by the breast family; At 26.5% by investors, while the American group Iconix occurs up to 22.5%.
The consortium had told AFP that it intended to bring a total of 60 million euros, which would be “Immediately injected” in the company.
With AFP
