In a market for furnishings and decoration penalized by household consumption arbitrations and after the bankruptcy of the Casa brand in Belgium, on March 5, all the eyes were turned on the state of health of houses in the world, the brand which had announced, at the end of January, the abolition of 91 jobs in its seats in Paris and Nantes.
“In full transformation, are we able to float?” The answer is yes “launched François-Melchior de Polignac, its managing director during the presentation of the annual results, unveiled on Tuesday March 10. 55 % owned by the Teleios Capital Partners and Majorelle Investments investment funds and listed, Maisons du Monde will not be the next housing – put into liquidation in December 2023, before the brand was relaunched in 2024 -, assures the manager.
On paper, however, the figures do not argue in favor of an optimistic scenario: sales of the group, present in 10 countries – mainly in continental Europe -, dropped by 10.2 % at comparable store perimeter ( – 11.2 % in total) in 2024, to 1 billion euros. And its result, in free fall for two years, has changed in the red: a loss of 115.3 million euros, against a net profit of 8.8 million euros in 2023, accentuated by exceptional accounting elements.
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