Cafom completes sale of Habitat to Le Guénic

19.10.2020 − 

Groupe Cafom completed the sale of its home-interiors business “Habitat” on 6 October. The buyer is the industrialist Thierry Le Guénic, with whom exclusive negotiations had been conducted since 17 June. The two parties subsequently signed an appropriate letter of intent on 2 October.

In the course of the transaction, Le Guénic has acquired all the shares in Habitat Design International S.A.S. which, through subsidiaries, currently operates 31 of its own home-interiors stores in France (25), Monaco (1), Spain (3), and Switzerland (2), three e-Commerce websites in France, Spain, and Belgium as well as roughly thirty Habitat stores operated worldwide on a franchise basis.

According to information from the company, the four franchise markets in the French overseas territories of Martinique, French-Guyana, La Réunion, and Saint-Martin, all of which are assigned to Cafom’s “Outre-Mer” division, are not included in the sale. The rights to the Habitat brand are also to remain with Cafom for the time being. In the frame of the sale agreement, however, Le Guénic has received an exclusive licence for its use. He has also been granted an option of purchasing the brand, which can be exercised in three years’ time at the earliest. Cafom will also be assisting the buyer in areas such as logistics through service agreements.

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