The Gifi brand, flagship of the economy in Lot-et-Garonne, about to be put up for sale?

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Created in 1981 by Philippe Ginestet in Villeneuve-sur-Lot, in Lot-et-Garonne, is the Gifi brand about to change ownership? In any case, this is what the media put forward The informed this Thursday, November 14, 2024.

The group is in fact experiencing financial difficulties since the end of 2023 and a change of computer system. From there to what Philippe Ginestet mandates the Lazard bank to sell his baby?

Candidates for the takeover of Gifi already in the running?

The newspaper The World specifies that potential buyers are already in the running such as the Carrefour group or even Moez-Alexandre Zouari, who bought Maxi Bazar and Stokomani in 2021.

So-called “non-binding” offers would in any case be expected by Monday November 18, 2024.

In an internal letter that we were able to obtain, Philippe Ginestet addresses his employees: “they are trying to destabilize us even though I am doing everything I can to rectify a situation whose origins we all know, namely the shift in our computer system. »

A change that had important consequencesin offices and in stores having a direct impact on Gifi's turnover.

The boss of Gifi denounces “the wind of rumors”

Several unknowns remain in this affair. Is this a complete sale of Gifi or an opening of capital to investors?

In his letter, Philippe Ginestet states, “this company that I created and to which I have dedicated my life for 43 years must survive in the best conditions. » He also deplores “the wind of rumors” which “falls on us again. »

The Gifi company is one of the flagships of the economy in Lot-et-Garonne. It employs nearly 6,500 employees in France, including nearly 10% at its headquarters in Villeneuve-sur-Lot, not counting the companies in Villeneuvois and the department which are thriving directly or indirectly thanks to Gifi.

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