Overview

• All nine takeover bids were unsuccessful, with four dismissed by administrators, two deemed inadmissible, one rejected and two withdrawn
• Casa France’s €15 million cash reserve will be tapped to settle a significant portion of its outstanding debts
• The collapse follows the March liquidation of Casa International in Belgium, which had provided critical logistics and IT services
• Under a 2024 recovery plan, the company had already closed or sold over 10% of its European outlets in an effort to return to profitability
• A downturn in real estate and fierce competition from chains like Ikea and online sellers compounded the retailer’s financial woes