Wednesday, April 24, 2013

Virgin will declare cessation of paiement

Selon information revealed by France Inter this Friday, January 4, Virgin will present Monday EC's request to be placed in default, the first step before bankruptcy, even liquidation.

La direction of Virgin Stores confirmed to AFP he convened a special committee business "whose purpose will focus on the draft declaration of insolvency of the company" .

Virgin Stores, which owns 27 Virgin Megastore in France, has 1,200 employees. There were still nearly 2,000 ten years ago. The group is in crisis. The indebtedness of Virgin Stores steadily increasing. Some elected, around 40 million euros. The group is in arrears in the payment of invoices and payroll, and many struggling to pay his rent and fournisseurs.

Des employees on strike at the weekend dernier

Les Virgin Megastores some employees were on strike last weekend. They were protesting against the announced closure of the store Champs-Elysées.

Pour steering, suspension of payments could provide additional time to install the new store model. Unions no longer believe in and want to push as much as possible insolvency. To do this, they refuse to speak during CE.

Find this article on The New ObservateurVirgin will declare cessation of Virgin Stores paiementLes employees go on strike

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