Turnover: 180 million EUR (2016)

Country: France

Fauchon is a global luxury gastronomy company whose main business segments are delicatessen, bakery, patisserie, confectionery and catering.

The group employs 1,600 people, including 500 chefs worldwide[Challenges]

Fauchon has 85 boutiques worldwide. International sales account for 80% of its business, particularly strong in Japan (where 30 Fauchon stores are located). France accounts for only 20% of the group's sales, with 2 boutiques in Paris. Thefamily-owned group is aiming for 100 stores by the end of 2017.

The inbound business accounts for 30% of sales, while online sales account for 10%. [Challenges]

The caterer is placed in receivership in 2020

News

The Fauchon brand is back on the reception market. 05/07/2022

  • Fauchon resumes its catering business after a two-year hiatus
  • The gastronomic house benefits from a partnership with Grand Chemin Traiteur
  • Fauchon's catering subsidiary, which employed around 60 people at the time, ceased operations in 2020
  • It expects sales of close to 20 million euros
  • Its positioning works in its favor, with a strong emphasis on local produce grown in the company's three hectares of kitchen gardens in the Vexin region of France
  • A dedicated kitchen, service and sales team will be dedicated to the task
  • He plans 7 to 10 openings by 2022, with Argentina and Qatar on the menu, as well as France

Caterer Fauchon applies for receivership. 23/06/2020

  • Fauchon is facing a number of difficulties, and has been hard hit by the health crisis and industrial action.
  • Its Paris boutiques employ up to 130 people.
  • The sales of the parent company, Groupe Fauchon SA, whose main shareholder is entrepreneur Michel Ducros, have been severely impacted by these events.
  • On Tuesday, the IMF informed employee representatives of its plan to open collective proceedings with the Commercial Court. The purpose of the procedure is to "restore the company's operating equilibrium, strengthen ties with its partners and secure its business over the long term, in order to reinforce the deployment of its brand"

june 23, 2020 - Change of course for the iconic Parisian fashion house - source(Capital)

  • Company placed in receivership
  • Impact of labor unrest and health crisis
  • Sales down for 4-5 years
  • Need to reinvent itself (particularly in luxury hotels in Asia)
  • Operating costs of Paris stores unsustainable

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