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Court Orders Brandt Into Liquidation After Co‑op Bid Fails, About 700 Jobs Lost

Judges rejected the worker‑cooperative rescue after banks withheld funding.

Overview

  • The Nanterre commercial court ordered Brandt’s judicial liquidation on December 11, triggering the closure of its two French factories and the suppression of roughly 700 jobs.
  • The only takeover plan, an employee‑led Scop backed by Revive, was ruled non‑viable without private capital despite about €20 million in pledged public support, including €5 million from the state.
  • Employees were told salaries would stop after December 15, with dismissal letters expected within the 21‑day legal window, effectively in early January 2026.
  • National and local officials expressed shock and said they will seek a new industrial project for the Orléans and Vendôme sites, as the Brandt, Vedette, Sauter and De Dietrich marques exit French production.
  • The collapse underscores a slump in large‑appliance demand tied to the housing downturn and competition from low‑cost imports; Brandt, owned by Algeria’s Cevital since 2014, reported around €260 million in revenue.