Rallye — Comments

Rallye received approval from the Courts yesterday for the sale of GoSport to Hermione People & Brands (HPB). This was agreed in March 2021 and the sale price agreed was the nominal amount of €1. HPB is a subsidiary of Financière Immobilière Bordelaise (FIB), the same entity that has bought GAP’s French operations and also operates under franchise 22 Galeries Lafayette stores. FIB portfolio is essentially made up of shopping malls, offices and hotels (Grand Hôtel de Bordeaux, Waldorf Astoria Trianon Palace Versailles, notably) in the main French cities.