Ferinel group

"• - The Ferinel group, with a turnover of one billion, a major real estate group from the North, specialized in leisure real estate and in the construction of individual houses. Bernard Arnault is already ahead thanks to the agreement that has just been signed with the brothers; • - The Prouvost group, with a turnover of 7 billion, led by Christian Derveloy, the leading European wool group, which benefits from the support of Georges Plescoff, who has already worked on this file at the request of IDI; • - The Bidermann group, with a turnover of 3.4 billion, led by Georges Jollès, who was, it must be remembered, for more than three months, the general manager of CBSF and who therefore knows the dossier perfectly; • - Bernard Tapie, with a turnover of 4 billion, who lets it be known that he is also a candidate to take over the business and announces having the support of banks and investors to close a round of funding, thanks especially to an Arab businessman and American banks."

"• 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."

"The refocused Ferinel group experiences rapid and fruitful development. This success encourages Bernard Arnault to find other playgrounds. He acquires Le Chasseur français which he will resell and which will earn him a dispute with Bernard Tapie. He attempts an incursion into fast food, without success. The arrival of the left in 1981 opened new horizons for him. Charmed by the idea of continuing to practice his profession in a broader and more open market, and discovering new ideas, he decided to go and establish a real estate development subsidiary in the United States himself."