The home delivery company for food products Place du Marché announced on Thursday that it was requesting its placement in the safeguard procedure because of “economic and financial difficulties” linked in particular to the health crisis and inflation.
“The placement under the protection of the Commercial Court of Lyon should allow the group to find solutions such as backing up with a partner with a strong reputation which could allow Place du Marché to find the balance necessary for its profitability”, said the company, which employs 1,598 people.
Its “sister company” Eismann, which is part of the same holding company, Agihold, and has 200 employees, is at the same time requesting placement in receivership because it “finds itself insolvent”.
Previously known as Toupargel, the Place du Marché group was renamed in January 2020 after its takeover by the brothers Léo and Patrick Bahadourian, co-founders and shareholders of the Grand Frais brand, as part of a receivership procedure. . But since then, the company has had to face “unpredictable and uncontrollable external elements” such as the health crisis, which disrupted its supply, and the wave of inflation.