---
title: "August Debouzy assisted Galeries Lafayette stores in connection with the safeguard proceedings initiated by the Hermione companies"
id: "2751"
type: "post"
slug: "august-debouzy-assisted-galeries-lafayette-stores-in-connection-with-the-safeguard-proceedings-initiated-by-the-hermione-companies"
published_at: "2024-04-29T13:28:26+00:00"
modified_at: "2026-02-19T18:28:09+00:00"
url: "https://www.august-debouzy.com/en/deal/august-debouzy-assisted-galeries-lafayette-stores-in-connection-with-the-safeguard-proceedings-initiated-by-the-hermione-companies/"
markdown_url: "https://www.august-debouzy.com/en/deal/august-debouzy-assisted-galeries-lafayette-stores-in-connection-with-the-safeguard-proceedings-initiated-by-the-hermione-companies.md"
taxonomy_category:
  - "Deal"
taxonomy_language:
  - "English"
taxonomy_post_translations:
  - "pll_6980da2085ee9"
taxonomy_tax_expertise:
  - "Insolvency and Restructuring"
  - "Restructuring"
---

Summarize with AI

**August Debouzy** assisted **Galeries Lafayette Stores** in connection with the safeguard proceedings initiated by HERMIONE RETAIL, HERMIONE TPR and HERMIONE OUTLER, subsidiaries of the **FIB group (Financière Immobilière Bordelaise)**, before the Bordeaux Commercial Court. A leader in commercial real estate, the FIB group, owned by Michel Oyahon, operates shopping malls **(Camaïeu, Go Sport, Gap France, La Grande Récré, Galeries Lafayette stores)** and hotels **(Trianon Palace in Bordeaux, Grand Hôtel de Bordeaux, Sheraton de Roissy)**.

**By judgments dated 20 March 2024**, the Bordeaux Commercial Court validated the three safeguard plans that will enable the FIB group to continue operating **25 Galeries Lafayette stores** across France, representing some 1,000 jobs in Agen, Amiens, Angoulême, Bayonne, Beauvais, Belfort, Besançon, Caen, Cannes, Chalon-sur-Saône, Chambéry, Dax, La Roche-sur-Yon, La Rochelle, Saintes, Libourne, Lorient, Montauban, Niort, Rouen, Tarbes and Toulon, as well as in Tours, Rosny-sous-Bois and Coquelles near Calais.

The safeguard plans provide for partial repayment of unsecured creditors up to 30% over ten years and a revival of the business through investments to modernize the stores and integrate new brands.

August Debouzy advised Galeries Lafayette Stores, with a team led by **Laurent Cotret** (partner) and **Clément Quernin** (senior associate).

**Darrois Villey Maillot Brochier** (François Kopf, Mathieu Della Vittoria, and Anaïs Alle), **Dacharry & Associés** (Jean-François Dacharry) and **OPLUS** (Baptiste de Fresse de Monval and Marie-Valentine Geronimi) advised the debtor companies.

Share

- Linkedin
- Copy Link

Summarize with AI

### Authors

2

- [Laurent Cotret](https://www.august-debouzy.com/en/collaborateur/laurent-cotret/)
- [Clément Quernin](https://www.august-debouzy.com/en/collaborateur/clement-quernin/)

### Practice Area

2

- [Insolvency and Restructuring](https://www.august-debouzy.com/en/tax-expertise/insolvency-and-restructuring/)
- [Restructuring](https://www.august-debouzy.com/en/tax-expertise/restructuring/)

## Discover more content that might interest you

News

[26/06/26 Deal 2 min August Debouzy advises Aura Aero on the acquisition of VoltAero, accelerating the decarbonization of aviation Read more](https://www.august-debouzy.com/en/deal/august-debouzy-advises-aura-aero-on-the-acquisition-of-voltaero-accelerating-the-decarbonization-of-aviation/)
[02/09/25 Deal 2 min August Debouzy Advises Keller Williams France on the Court Approval of Its Safeguard Plan August Debouzy advised Keller Williams France on the successful court approval of its safeguard plan, enabling the company to restructure €17.8 million in debt and continue its growth in the French real estate market. Read more](https://www.august-debouzy.com/en/deal/august-debouzy-advises-keller-williams-france-on-the-court-approval-of-its-safeguard-plan/)
[24/07/25 Deal 2 min August Debouzy advised the Hôtels de Paris group on its exit from judicial reorganisation proceedings and the approval of its continuation plan The continuation plan for Les Hôtels de Paris was approved by the Paris Commercial Court on 11 July 2025, marking a key milestone in the group’s restructuring process. Read more](https://www.august-debouzy.com/en/deal/august-debouzy-advised-the-hotels-de-paris-group-on-its-exit-from-judicial-reorganisation-proceedings-and-the-approval-of-its-continuation-plan/)