The textile brand Phildar taken over by its current management

The Phildar factory in Neuville-en-Ferrain, in the North.

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A new era for Phildar.

The Lille commercial court on Tuesday appointed the company PP Yarns as buyer of the historic manufacturer of knitting yarns and ready-to-wear created in 1946, an offer carried by the current management.

Among the three offers, including those of Kindy and Mondial Tissus, the project led by Eric Vandendriessche, CEO of Phildar since the end of 2019, had obtained the support of the Social and Economic Committee (CSE).

163 job cuts

The offer provides for the takeover of 86 positions out of 223, including 61 at the company's headquarters in Neuville-en-Ferrain and the maintenance of 15 stores out of the current hundred, including eight branches.

The 163 non-retained permanent contracts will benefit under a PSE either from an "internal reclassification within" other brands in the Mulliez, Pimkie, Grain de Malice and Rouge Gorge galaxy, or "from a wide range of measures. for external reclassification ”.

An investment of twelve million euros

In a press release, the management of Phildar "welcomed this decision which will allow it to continue the recovery of the company and ensure its sustainability".

The PP Yarns project, created in August to take over the company and supported mainly by members of the Mulliez family, has as strategic axes "the refocusing of all activities on knitting yarn and haberdashery", "l 'complete stop of the ready-to-wear Phildar', and 'the digitization of the brand' with 'an ambitious web strategy', details the press release.

At stake: an investment of 12 million euros.

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