Gifi is entitled to a second chance, but Founder is not

Featured image of the article Gifi is entitled to a second chance, but Founder is not

An article by Morgane Monteiro

Publication

16 January 2025 à 16h51

Updated on 24 July 2025 à 10h47

Reading time

2 minutes

Publication: 16 January 2025 à 16h51, Updated on 24 July 2025 à 10h47

Reading time: 2 minutes

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An article by Morgane Monteiro

Publication

16 January 2025 à 16h51

Updated on 24 July 2025 à 10h47

Reading time

2 minutes

Publication: 16 January 2025 à 16h51, Updated on 24 July 2025 à 10h47

Reading time: 2 minutes

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On January 14 2025, the Founder of Gifi (sales of €1.3 billion in the fiscal year of 15 months to December 2023, 700 stores, 17 countries) obtained an agreement from creditors. According to La Lettre, Rothschild, Crédit Mutuel, Crédit Agricole and BNP Paribas have agreed to write off €470 million of debt in return for a payment of €270 million from Philippe Ginestet and his removal from the business operations. François de Castelnau (Showroomprive) is to be appointed COO.

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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