Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

UGANDA: OPPOSITION LEADER IN COURT ON TREASON CHARGES

Read more

MEDIAWATCH

Istanbul's Suffering in the Shadows?

Read more

THE DEBATE

Turkey targeted: Islamic State Group blamed for Istanbul attack (part 1)

Read more

THE DEBATE

Turkey targeted: Terror attack coincides with foreign policy pivot (part 2)

Read more

THE INTERVIEW

" We have a lot that we can do together to make Middle East a better place"

Read more

FOCUS

Will Bolivia see a lithium boom?

Read more

MIDDLE EAST MATTERS

Child refugees: Inside Turkey's hidden sweatshops

Read more

ENCORE!

Film show: 'The Red Turtle', 'Camping 3' and 'The Balkan Trilogy'

Read more

FACE-OFF

After Brexit, is a Frexit possible?

Read more

France

French luxury chain Hediard files for bankruptcy

© afp

Text by FRANCE 24

Latest update : 2013-10-22

France's luxury Hediard chain, which specialises in fine foods and confectionery, has filed for bankruptcy, a source close to the case told AFP on Monday. Founded in Paris in 1854, Hediard now has shops in 30 countries around the world.

France's Hediard chain of luxury food stores has filed for bankruptcy, a source close to the case told AFP on Monday.

Hediard, which has shops in 30 countries from Madagascar to Vietnam, declared itself insolvent at a commercial court in Paris, said the source. A hearing is due to take place on Thursday to determine whether an administrator should be appointed.

The fine foods and confectionery stores opened in 1854 in Paris as a small shop specialising in exotic foods and soon began expanding.

Hediard made its first foray onto the international scene when it opened in Japan in 1973. It now has a restaurant in Moscow and six cafes scattered among a number of countries, including Singapore.

In 2007 the Luxadvor group, controlled by Russian tycoon Sergei Pugachev, bought the chain in a deal that was supposed to help it expand further abroad, but Hediard has reportedly been losing money for the past six years.

(FRANCE 24 with wires)

 

Date created : 2013-10-22

  • FRANCE

    Cannes Film Festival hit by $1 million jewellery theft

    Read more

  • FRANCE-QATAR

    Qatar eyes Paris's iconic Printemps department store

    Read more

  • BUSINESS

    French luxury group LVMH buys Bulgari for €4.3 billion

    Read more

COMMENT(S)