People & Baby Initiates Accelerated Safeguard Procedure Amid Legal Scrutiny

The private childcare group faces financial challenges and a judicial investigation following allegations of fraud and misconduct.

People & Baby has entered an accelerated safeguard procedure to restructure its finances, aiming to stabilize operations over the next two to four months.
The group is under investigation by the Paris prosecutor's office after a complaint from Anticor, alleging fraud, embezzlement, and other financial misconduct.
Journalist Victor Castanet's book 'Les Ogres' highlighted alleged unethical practices in the private childcare sector, focusing on People & Baby.
In response to the allegations, People & Baby's new leadership is implementing independent audits and promises transparency in addressing any issues.
The financial instability and legal issues follow a leadership change, with Philippe Tapié replacing founder Christophe Durieux as president in April.