“It went well. The court was understanding. I think things will work out. » The feeling was rather one of relief for the Lot-et-Garonnais entrepreneur Lucien Georgelin, leaving the Agen commercial court, this Tuesday, November 19.
After having validated the financial recovery plan of the Virazeil company of the famous jam maker last month, the Agen commercial court was to examine this time the plan of the Villeneuve-sur-Lot company, Lucien Georgelin Céréales , a subsidiary of the group, also in receivership.
“The administrators, the agents, the company, the employees, the commissioner judges as well as the public prosecutor and the creditors, everyone expressed a favorable opinion on the adoption of the plan”, underlines Me Christophe Dejean, Lucien Georgelin's lawyer.
The liability of 7 million euros was reduced to approximately 2.5 million euros. The repayment of creditors was spread over ten years.
Fusion
Tuesday, November 26, the court will deliberate on whether or not to exit the judicial recovery procedure. But it is the first option that seems to be on the right track. Thus, in the long term, the merger of the two companies and the repatriation of the production lines from Villeneuve-sur-Lot to the historic site of Virazeil.
Villeneuve's 15 employees approved the merger during an extraordinary CSE. But they are opposed to moving their work tools. “We don’t know what they want to do with us. We hope that there will be an economic layoff,” indicates Serge Yakan, staff representative at the Villeneuve site.
Back in the saddle, Lucien Georgelin has just launched a range of gourmet products in partnership with the Unicoque cooperative. It also announces new products, developed for the cereals branch. This Tuesday evening, the jam maker went to Paris to receive the grand prize for innovation, awarded by the distributor Carrefour for its sugar-free jams.
