The shoe manufacturer Minelli was once again placed in receivership, two and a half years after an identical procedure which led to the takeover of the brand, according to a legal document consulted on Sunday April 5 by Agence France-Presse (AFP), confirming information from L’Informé.
Minelli had been in safeguard proceedings since September, converted in March into receivership by a judgment of the Paris Economic Activities Court, which means that the company is now in cessation of payments.
Created in 1973, the brand of leather goods and shoes mainly intended for women was placed in receivership in September 2023 before the Marseille commercial court (which has since become the economic activities court). It was then saved by three buyers – investors and the clothing brand Mes Demoiselles Paris – who integrated it into a new entity, Maison Minelli, today in receivership after a six-month observation period during the safeguard phase.
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Around ten loss-making stores
The brand has not yet rectified the situation: it lost 3.7 million euros during its last published financial year 2024-2025. According to the previous safeguard judgment consulted by AFP, “around ten stores taken over” by the new owners “turn out to be loss-making. »
The rescue of Minelli in 2024 was to the detriment of many employees, with the workforce falling to less than 200 employees compared to around 600 before the takeover.
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Many accessories or ready-to-wear brands have been placed in receivership in France for two years, such as Claire’s, Jennyfer, Okaïdi and IKKS. Some of these brands suffer in particular from competition from very low-cost Asian sites, such as Shein.
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Originally published at Almouwatin.com
