Founded in 1971 and based in Villeneuve-d’Ascq, the Pimkie group has been under safeguard proceedings since May 2024.
Pimkie is one of the main French retailers specializing in women’s clothing for a young clientele (18-35 years old). The group generated €196 million in revenue in 2023.
With more than 200 retail locations in France and abroad, the company had nevertheless been weakened by the crisis affecting the clothing sector, directly linked to market changes, the arrival of new competitors, and declining store traffic. A massive cyberattack during 2023 compounded these challenges.
After initial restructuring measures begun in 2023 (job protection plan and store closures), the group requested safeguard proceedings from the Commercial Court of Lille Métropole with the goal of securing its future and accelerating its restructuring. The plan adopted by the Court provides for the payment of all creditors and allows for accelerating the group’s transformation plan and its overall restructuring.
The safeguard plan thus ensures the sustainability of the Group and its jobs.
In this operation, a multidisciplinary team from Cornet Vincent Ségurel’s Lille office assisted the Pimkie group in designing and presenting its Safeguard Plan.
Participants
Company: Groupe Pimkie- Diramode et Promotion du Prêt à Porter (Salih HALASSI, Président, Elodie CHELLE, Directrice Générale Adjointe)
Court-appointed administrators: FHBX (Hélène BOURBOULOUX, François RAYBAUD), BMA (Laurent MIQUEL, Thomas BONVIN)
Court-appointed receivers: BTSG2 (Antoine BARTI, Simon BAUDENS), MJS Partners (Nicolas SOINNE)
Advisors
Company Attorneys : Cornet Vincent Ségurel
- Management and coordination: Thomas DESCHRYVER
- Restructuring: Stéphanie FOREST, Mélanie GABREAU
- Logistics: Marion RAES
- Employment law: Caroline HENOT, Régis DEBROISE
- Coporate law: Benjamin CHEVALIER, Clara SERVAN
- Commercial leases: Amélie POULAIN, Morgane PILATE
Working alongside Valentin Martinez, attorney, and Azoulai Law Firm (Laurent Azoulai- Diana Dukik)
Company Employment Law Attoneys: Actance avocats
Company Financial Advisor: EY (Julien BRINDEAU – Damien KARALUS)
