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Lapeyre, the household equipment manufacturer, was sold a few years ago to an investment fund. According to the unions, the new leaders have emptied the cash register instead of investing.
Customers are rare in a Lapeyre store in the Paris region. For several months, trade unionists have noted that the situation has deteriorated. “”The flow of customers has really lowered a lot lately“, Reports Hervé Grillon, CGT distribute union delegate. A descent into hell for the brand, created in the 1930s and specializing in house development.
Already in difficulty, Lapeyre was bought in 2021 for a symbolic euro by a German investment fund, Mutares. With the sale, several million euros were left to preserve the activity. The money would have been wasted according to the unions. “They are there to squander the boxes, and not to straighten. Their goal was in the very short term”Comments Mohamed Ben Ahmed, FO Distrilap union delegate.
According to documents consulted by France Télévisions, the company’s cash flow increased from 267 million euros in January 2021 to 97 million in June 2024.
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