Will Go Sport go down in turn?

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© BEATA ZAWRZEL / NURPHOTO / NURPHOTO VIA AFP

Third player in sports brands behind Decathlon and Intersport, and property, like Camaïeu , by Michel Ohayon, will Go Sport in turn sink? For several months, the future of the chain has worried its 2,160 employees. The sudden departure in early December of the managing director heightened their fears, after the triggering of the right to economic alert by staff representatives on October 18 and an alert report from the company’s auditors on November 22. On December 6, HPB, parent company of Go Sport, assured by press release that the company “is not in default”. The elected representatives of the central social and economic committee (CSEC) have however decided to seize the Grenoble commercial court for interim measures.

“To take stock of the real financial situation”

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The hearing is scheduled for December 13. “We are going to ask the judge to appoint a provisional administrator or an agent to take stock of the real financial situation”, indicates Me Evelyn Bledniak, lawyer of the CSEC. The plaintiffs point to disbursements this year of 36.3 million euros which weigh on cash, a loan – not repaid – from Go Sport to HPB of 26 million for an external growth operation and 9.8 million on deposit for guarantee for invoicing of goods. Following the alert report, the Grenoble TC prosecutor also summoned the management on December 19.

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