This famous French coffee brand, appreciated by all for the unique taste of its products, has been placed in receivership by the Paris Commercial Court. An action which thus allows the company to look for a buyer to “preserve its assets.”
Founded in 1851, Cafés Legal is a family business which, with a market share of nearly 10% in roasted and packaged coffee volume, quickly became the leading independent French producer. If the Normandy brand has enjoyed success for a long time, particularly in the 1990s, it now finds itself in a financial situation that is complicated to say the least. On Tuesday October 8, the Paris Commercial Court declared the opening of a judicial recovery procedure for Cafés Legal. A real blow for the Le Havre roaster…
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A few weeks before this upheaval, the management of the famous coffee brand had decided to refer the matter to the Paris Commercial Court to “declare insolvency”, thus paving the way for a new owner “for the sake of protecting Cafés Légal, and in order to preserve its assets.”
The legal recovery of Cafés Legal worries their hundreds of employees
Cafés Legal, which employs around a hundred employees on its site in Le Havre, then explained in a press release that “This temporary protection measure has the sole purpose of resolving the company’s debt and thus perpetuating its activity and its jobs.”
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According to France Blue, activity will be maintained for the 105 employees of the factory, based in the Le Havre district of Bléville, during the legal recovery procedure opened by the Paris Commercial Court.
A brand bought by a powerful French investment fund
As our colleagues at France Bluethe company unfortunately had to face “the collapse of the Michel Ohayon empire in 2022.” A new blow for the brand which was acquired in March 2022 by this Bordeaux businessman, who also owned other brands such as Go Sport, Camaïeu or even 26 Lafayette stores in the regions. In a press release, the Hermione People & Brands group announced “take over the entire company including the production tools, the 68 patents and the 157 brands of Cafés Legal, as well as all 137 employees.”
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Cafés Legal was then bought by FNB Private Equity, also known for having taken over Mousseline purees from Nestlé in October 2022. With this operation, the French investment fund became “majority shareholder in the company’s capital alongside Management.”
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