World Footwear

Companies

Arche goes into administration

Feb 22, 2024 France
Arche goes into administration
The French footwear manufacturer has gone into administration due to a complex situation in the domestic and international markets. While the process runs its course, the company will continue to operate
Arche is experiencing a cash flow problem that is preventing it from meeting its most pressing deadlines. According to management, the company is experiencing a downturn in business linked to the French economy and the decline in the clothing trade, as well as a decline in sales in certain foreign markets (74% of Arche’s sales are made outside France, in 36 countries). The manufacturer is also facing rising energy and raw material costs.

The decision to go into administration is expected to give the company some protection from creditors, while it continues to operate. “This receivership is a way of continuing to produce with greater peace of mind. Our orders are increasing, which means we need more raw materials. Annual purchases - notably of European cowhides and natural rubber soles - amount to 4 million euros, but current shoe production will not be paid for until October or December 2024”, explained Hélaine to Le Monde.

Meanwhile, Arche ensured the company’s commitment to its customers and employees remains strong. Founded in 1968, the company employs over 100 people at its site in Château-Renault, near Tours.


Image Credits: pick-a-shoe.com

Related Events

  • Jul
    2
    Jul 2-Jul 4, 2024 | Paris, France

    Première Vision

  • Sep
    10
    Sep 10-Sep 12, 2024 | Paris, France

    Neonyt Paris

  • Sep
    27
    Sep 27-Sep 30, 2024 | Paris, France

    Première Classe - Jardin des Tuileries

  • Nov
    5
    Nov 5-Nov 7, 2024 | , France

    Expo Protection

Related Organizations

  • International Shoe Museum Romans-sur-Isère

    International Shoe Museum Romans-sur-Isère

    France
  • CTC

    CTC

    France
  • French Federation of Hides and Skins

    French Federation of Hides and Skins

    France
  • French Institute of Fashion

    French Institute of Fashion

    France