Michel Ohayon, who had built an empire in real estate and distribution, was indicted on April 4 for bankruptcy, abuse of corporate goods and scams in an organized gang. He is suspected of having diverted funds for his benefit to the detriment of the brands of which he owned: Camaïeu, Gap France and Go Sport. © Heorshe/Adobe Stock – Gap France is one of the brands that Michel Ohayon has. Back up safeguarded Receive the justice alerts nothing predestined this self -taught Bordeaux to such a fall. After having started in textile stores, Michel Ohayon makes a fortune in real estate, by buying and praising buildings in major brands before embarking on luxury hotels. In 2017, his fortune was estimated at 1 billion euros. It was during this period that he turned to the distribution: La Grande Récré, des Galeries Lafayette in regions, then Camaïeu, Gap France and Go Sport fell into his bag. But in 2022, Camaïeu was liquidated, leaving 2,600 employees on the tile. Gap and Go Sport follow, placed in receivership, then assigned. In 2023, his holding company, the Bordeaux real estate financial, was declared in cessation of payments. The financial rout preceded the judicial setbacks. According to the Paris prosecutor’s office, the facts alleged against the businessman concern “samples without justification in a context of situations under tension for his societies”, with operations “hidden or justified by fictitious scriptures”. All offenses are estimated at 50 million euros. Michel Ohayon was also placed under judicial supervision, with a ban on directing or managing a company and obligation to pay a deposit of 500,000 euros. His wife was also indicted, said RTL who relayed AFP information on April 5. Read also: Kaporal: How this fashion brand avoided the same fatal fate as Gap and Kookai The lawyer for Michel Ohayon affirms that there was “no enrichment” in the face of accusations, his lawyer, Me Olivier Pardo, denounces a biased vision of the facts: “Michel Ohayon injected more than 68 million euros from his personal fortune. There was no enrichment, quite the contrary, “he said, adding that his client” impoverished in this case “. “The accusations brought against him are a negation of the functioning of a group of companies,” he castigates, promising to “demonstrate the responsibilities of each other”. Read also: Closure of Galeries Lafayette: the Pau saved store by Bayrou, who will defend that of Rosny2? Among the reactions aroused by this indictment, that of Christophe Lavalle, former union delegate of Go Sport, who said herself “satisfied”, on behalf of the ex-employees of Camaïeu, Gap and Go Sport France: “We were right, he rejoiced with France Info, all the precautions that we had taken in order to detect the flaws of these potentially mafia leaders are today revealed by investigations”. Receive our latest news each morning, the information to be remembered on the financial markets. (tagstotranslate) Justice
