Group 1 - The French appliance manufacturer Brandt Group has entered judicial liquidation, marking the end of operations for a company once seen as a symbol of French industry, resulting in the loss of approximately 700 jobs [1][4] - Employees gathered outside the Brandt Group's factory in Vendôme to bid farewell to the company by burning administrative documents [3][4] - Founded in 1924 by Edgar Brandt, the company was acquired by an Algerian appliance giant in 2014 and operated in 36 countries, generating an annual revenue of about €260 million, equivalent to approximately 2.15 billion RMB [6] Group 2 - The Brandt Group has faced declining sales for two consecutive years starting in 2023, exacerbated by a sluggish real estate market and reduced demand for large appliances, leading to an increasing funding gap [8] - In October, the Brandt Group was placed into bankruptcy restructuring due to operational difficulties, with a proposed cooperative takeover plan aimed at preserving at least 300 jobs and maintaining operations at two factories in France, which was not approved by the court [8] - To restore production, an estimated €20 million to €25 million, or approximately 170 million to 210 million RMB, is required, but the company's cash flow is insufficient to support payroll beyond December 15 [8]
确认了!法国知名家电巨头,将停止运营
Sou Hu Cai Jing·2025-12-15 23:40