EMCC European Monitoring Centre on Change

Surcouf

Company/Organisation:
Surcouf

Geographic Location

Country: France
Location of affected unit(s): Lille (Nord), Paris, Villeneuve d'Ascq (Nord), Carré-Sénart (Seine-et-Marne)

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.41 - Retail sale of computers, peripheral units and software in specialised stores
Number Employed: 379
Group: Youg's - Groupe Mulliez

Employment Effects

Announcement Date: 10-10-2012
Planned Job Reductions min: 379
Type of Restructuring: Bankruptcy
Employment Effect Start: 30-11-2012
Direct Dismissals: 379

Additional Information

On 10 October 2012, the Commercial Court of Lille (Nod) decided on the liquidation of IT and high-tech products retailer Surcouf, affecting 379 employees. Placed in administration since February, this subsidiary of the group Mulliez failed to find a buyer.

The Court has decided the liquidation and allowed the management to pursue its activities until 30 November 2012. Hugues Mulliez had bought Surcouf from the luxury group PPR in 2009. After recording big losses since 2010, a restructuring was claimed to be necessary, which resulted in the closure of two shops and a social plan affecting 200 jobs.