Last reprieve for Gifi, Borne wants to shorten the summer holidays, Riner and Marchand deplore the drop in sports budgets… The 3 pieces of information to remember at midday

Friday 17th January 2025 07:24 AM

THE POINT OF NOON – Find most of the news published this Friday, January 17 in the morning on our site.

In difficulty, Gifi snatches a final reprieve from its creditors to move forward

To convince the banks to put money back into the pot in this new procedure, Philippe Ginestet also had to step back and leave the operational management of the company.
ADOBE STOCK

The Gifi bazaar brand, which has 700 points of sale, will neither be sold in one piece, nor sold piecemeal, nor liquidated. Its founder, Philippe Ginestet, ultimately remains the owner of the family business he created in 1981, which is now in great difficulty. After looking for a buyer, its creditors decided to grant it a final reprieve in exchange for guarantees, as part of a conciliation procedure launched at the end of August.

Élisabeth Borne plans to shorten summer vacations in 2026

The idea has already been proposed, without ever being generalized.
Sarah MEYSSONNIER / REUTERS

Élisabeth Borne relaunched the idea of shortening summer vacations from the start of the 2026 school year.The 2025 summer holidays will not change but, for 2026, it will depend on the outcome of the discussions», Launched the Minister of National Education in an interview published in The Parisian. According to her, “long breaks result in level losses for the most vulnerable students».

Cut in sports budgets: Teddy Riner and Léon Marchand deplore the drop in sports spending

Teddy Riner deplored the drop in sports spending in the 2025 draft budget.
Sarah MEYSSONNIER / AFP

The National Olympic Committee, the French Football Federation as well as champions Teddy Riner and Léon Marchand deplored on Thursday the drop in sports spending in the 2025 draft budget, targeting a new government amendment, massively rejected in the evening by the Senate.

The number of the day: 5

In 2024, Chinese GDP will reach 134.908 billion yuan (17.867 billion euros).
Go NAKAMURA / REUTERS

Or the percentage of China's economic growth rate in 2024, one of the lowest in three decades. The Asian giant is struggling to recover from a serious real estate crisis which is weighing on consumer morale and the finances of local authorities.

Quote of the day: what does Woody Allen say about space?

Quote of the day.
LE FIGARO

According to modern astronomers, space is limited. This is a very comforting thought, especially for people who never remember where they put things.

Woody Allen

The memorable photo to remember

Before the opening of the third plenary session on 16^e National Congress of the Communist Party of China in Beijing, each teapot is scrupulously checked.
Aaron FAVILA / AP / SIPA

Video of the day

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