Overview

• Jennyfer entered judicial liquidation on April 30 after failed recovery efforts under a June 2023 reorganization and mounting pressures from rising costs, weak consumer demand and fierce global competition.
• On June 12, the Bobigny commercial court approved separate takeover plans from Beaumanoir and Celio for the retailer’s French assets.
• Under the approved deal, Beaumanoir acquires 26 stores and around 350 employees while Celio takes on seven outlets and 47 staff members.
• The Beaumanoir-Celio consortium paid slightly more than €2 million for the acquired Jennyfer assets.
• The transaction safeguards over a third of Jennyfer’s nearly 1,000 employees and highlights the vulnerability of France’s traditional ready-to-wear chains.