Go Sport: postponement of decision, retrial on January 16

The commercial court of Grenoble has not yet considered the issue of stopping payments to Go Sport. While he had to decide the fate of the struggling company Go Sport, he appointed an investigating judge and adjourned the case until January 16, the Grenoble prosecutor’s office said on Wednesday.

The mission of this investigating judge will be to “make an accurate account of the financial position” of the Go Sport group and its subsidiary Go Sport France, with the help of audit firms and relevant auditors, according to a press release on Wednesday. . . . The economic court’s decision to suspend sentencing is “a signal of vigilance, but also of confidence, calling for the mobilization of all actors to save the company,” underlines the parquet floor.

The prosecution placed Go Sport into administration following economic warnings received by auditors and Go Sport’s Central Socio-Economic Committee (CSEC).

On December 19, managers of HPB, the parent company of Go Sport, were heard by the Commercial Court of Grenoble, along with auditors and elected officials of the CSEC, to take stock of the company’s financial position and determine if it is in critical condition. Default.

HPB executives assured that the situation in the company is healthy, the expert authorized by them presented a certificate of non-cessation of payments. For their part, Go Sport’s auditors and an expert appointed by the CSEC have established the state of the company’s payment cessation for the period from October to November.

A subsidiary of the Hermione group, like Camaye.

Like the ready-to-wear chain Camaïeu, which went into liquidation at the end of September, with the layoff of 2,100 employees, the sale of stock and the sale of the brand by auction, Go Sport is a subsidiary of Hermione, People and Brands (HPB), owned by Bordeaux investor Michel Ohayon.

Go Sport’s auditors, as well as an independent expert appointed by CSEC elected officials, released on Monday a final report on the status of termination of payments for the October-November period.

“Translation is always a concern, because there may be a social plan, store closures. We are here to keep 2,160 Go Sport employees,” says Christophe Laval, Force Ouvrière delegate and CSEC member.

For many years, Go Sport, founded in 1978 and based in Sassenage in the Isère, was bought at the end of 2021 for a symbolic HPB euro from the parent company of the Casino food distribution group, Rallye, which itself is even largely in debt.