This well-known low-cost decoration store on the verge of bankruptcy risks closing many stores

After announcing its closure, this store decided to part with its merchandise by destocking at crazy prices!

Threatened by an upcoming closure, the Gifi brand separates from its merchandise and liquidates it. Good deals in store await decoration and furniture fans!

A store on the verge of disappearing?

The list of closures of renowned brands is endless. After Camaïeu, Habitat and Casa, a new brand is preparing to close its doors. And not least, since it is Gifi.

The low-cost decoration store well known to the French is indeed experiencing difficult times. Covid-19 pandemic, new IT system leading to logistical errors, and competition from the web… The brand has been struggling for several years to turn things around.

Newcomers to French territory, such as Action, Jysk and Wibra, have also not failed to destabilize the brand, which nevertheless has no less than 700 stores throughout the country.

Difficulties which led to in November 2024, Philippe Ginestet, founder of the brand, announced the sale of Gifi. The low-cost decoration store is currently looking for a buyer, and some brands are showing interest.

According to AFP, in total, six buyout offers reportedly on the negotiating table. Including that of Moez-Alexandre Zouari, owner of Maxi Bazar, Stockomani and Picard. However, if Gifi found a buyer, the brand would certainly not avoid a restructuring plan.

With perhaps layoffs as a result. Currently, the brand employs 6,500 employeesand their future remains up in the air. But has the brand said its last word?

Philippe Ginestet, the historic founder of Gifi, would like it to be simply “a handover”, rather than a definitive farewell to the bazaar brand. “Philippe Ginestet wishes to consolidate and ensure its sustainability in a decisive manner”confided last November his lawyer Me Christophe Dejean, to our colleagues in South-West.

Gifi liquidates its stocks and cuts prices

While waiting for the end of the negotiations, the brand has decided to liquidate its goods. With the sales period in full swing, this is a unique opportunity for Gifi customers to score even more great deals.

The low-cost decoration store offers incredible discounts on many itemss. For example, linen curtains saw their price drop from €42.99 to €12.94.

Or this Florence black and honey sliding door 2-drawer sideboard which goes from €90 to €29.45. On the hi-tech side too, the prices are crazy. Like this black homday Xpert ANC Bluetooth headset which goes from €32.99 to €9.97.

Or this Homday 4in1 gaming set, which the brand is reducing from €26.99 to €8.10. There are also tempting offers in the world of clothing and luggage.

To go on vacation, find for example this Redskins wheeled travel bag for €8.10 instead of €26.99. Or this multifunction suitcase bag whose price drops from €37.99 to €11.40.

In all areas and shelves of Gifi, good deals like these await customers. For small budgets and limited purchasing powers, this is a bargain not to be missed.

Although the fate of the low-cost decoration store remains uncertain, this announced closure of Gifi is an opportunity to equip and furnish yourself. A real welcome boost at the start of a year still marked by inflation and the cost of living!