Agache-Willot group

"The Agache-Willot group indeed had, with its retail subsidiaries, Conforama and Le Bon Marché, its real estate companies: Belle Jardinière, its industrial real estate, its 4,500 homes, and its exceptional properties such as the Mivoisin estate, a considerable asset base generating significant income and free of mortgages. Indeed, 70% of the capital of the Conforama and Dior companies had been pledged to the banks since August 1980, but the direct competitors of the group, like DMC or the Prouvost group, are in an economic and financial situation that is hardly more brilliant without having such a considerable mass of assets."

"However, the invited journalists and personalities leave with the idea that the Agache-Willot group is not just a vast financial Monopoly and that, behind the obscure prejudices spread in public opinion, there are indeed factories, staff serving machines, and manufacturing products. The main subsidiaries and central services are managed by competent and motivated executives."

"Bibliography Four major works Michel BATTIAU, One of the consequences of the restructuring of the textile industry: the birth of the Agache-Willot group, Lille, CERES Nord-Pas-de-Calais. Gérard BÉLORGEY, About Boussac, Memoirs and lessons, 2 vols. Conference given at the Cambacérès Circle, published by Calaméo. Archives available at the National Foundation of Political Sciences. Benoît BOUSSEMART and Jean-Claude Rabier, The Agache-Willot File. A capitalism against the current, Paris, Presses de la Fondation nationale des Sciences politiques, 1983. Patrick LAMM, Investigation on the Boussac affair, Paris, Robert Laffont, 1985. Other information sources Bernard Arnault, The Creative Passion. Interviews with Messarovitch, Paris, Plon, 2000. Michel BATTIAU, The Textile Industries of the Nord-Pas-de-Calais region, Paris, Librairie Honoré Champion, 1976. Alain BOUBLIL, The Uprising of the Seraglio, Paris, Albin Michel, 1990. Dominique COCHART-COSTE and Jean-Paul GRUMETZ, Saint Frères. Paternalism and its memories, Amiens, CEFRESS-Université de Picardie-Jules-Verne, 2007. Jean-Dominique Delaveau, I am Marcel Boussac and I hunt in Mivoisin, Dammary-sur-Loing, Interstices and Editions de l’Écluse, 2009. François Faraut, The History of La Belle Jardinière, Paris, Belin, 1987. Nadège Forestier and Nazanine Pavai, Bernard Arnault, or the Taste for Power, Paris, Olivier Orban, 1990. Christine Kerdellant, The New Condottieri, Paris, Calmann-Lévy, 1992. Marie-France Pochna, Good Morning Mr. Boussac, Paris, Robert Laffont, 1980. Pierre Pouchain, The Masters of the North. From the 19th e century to the present day, Paris, Perrin, 1998. Jean-Michel Quatrepoint, Secret History of the Black Files of the Left, Paris, Alain Moreau, 1987. Nazarine Ravai, The Republic of Vanities, Paris, Grasset, 1997. Airy Routier, The Exterminating Angel, Paris, Albin Michel, 2003."

"• The Ferinel plan is being implemented. It incorporates elements already analyzed by the management and the current team, contained in the three-year plan (1984-1986) and relies on various diagnostics provided by expert firms: A. D. Little, etc. Hughes de Lasteyrie, assistant director of Dreyfus bank supervises its writing, which I actively participate in, along with the financial director and the administrative director of the headquarters, under the vigilant eye and following the indications of Bernard Arnault and Pierre Godé. The Ferinel group thus proposes a sustainable solution to ensure the recovery and permanence of the Agache-Willot group by relying on the prior takeover of SFFAW and by integrating the Compagnie Boussac Saint Frères into the Agache-Willot group: - legally, the agreement signed with Mr. Willot on November 14, 1984 ensures the takeover of SFFAW, resolves the complex legal problems that condition the survival of the Agache-Willot group and allows for the presentation of a concordatory solution; • - On the industrial and social level, the plan includes restructuring measures already presented to the public authorities and currently being implemented; • - On the economic and financial level, a capital increase of 400 million francs for SFFAW is planned, to be carried out by private investors brought in by the Ferinel group and Dreyfus bank. This will be carried out as soon as the concordat is approved."

"Bernard Arnault's strengthened participation in the Agache-Willot group will be housed in his new family holding, Arnault et Associés, in which Crédit Lyonnais will find its place along with other renowned investors."

"Returned to the hands of a private buyer, the Agache-Willot group would give birth to the flagship of the global luxury industry: LVMH."