Hopps Group

Type
Bankruptcy
Country
France
Region
Provence-Alpes-Côte d’Azur; Provence-Alpes-Côte d’Azur; Bouches-du-Rhône
Location of affected unit(s)
Aix-en-Provence
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.2 - Activities of holding companies and financing conduits
64.2 - Activities of holding companies and financing conduits
100 jobs
Number of planned job losses
Job loss
Announcement Date
23 October 2024
Employment effect (start)
23 October 2024
Foreseen end date

Description

The Hopps Group, a French holding company, has been declared bankrupt. Around 100 of its workers will lose their jobs in Aix-en-Provence.

The group has been in economic difficulties, with the bankruptcy of two of its subsidiaries Milee: [Milee 2024 - FR (https://apps.eurofound.europa.eu/restructuring-events/detail/201163), and 150 euros:150euros 2024 - FR. The latter was initially established to support the Group's and Milee's dire economic situation. Another subsidiary, Dispeo, is also facing challenges. Labor Minister Panosyan-Bouvet has criticised the Group's lack of professionalism in handling these issues.

Citation

Eurofound (2024), Hopps Group, Bankruptcy in France, factsheet number 201921, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201921.