HUGE WAVE OF BANKRUPTCIES EXPECTED IN FRANCE

HUGE WAVE OF BANKRUPTCIES EXPECTED IN FRANCE

72 percent of companies employing fewer than 5 employees and 51 percent of companies with a turnover of under 500,000 euros are now at grave risk of financial collapse in France.

63 percent of failing companies have a share capital of less than 10,000 euros. Of those, 58 percent were already in the red for the previous two years.

Companies most affected were those forced to stop as a result of the confinement, notably retail, construction, public works, bars, restaurants, hairdressers, body care specialists and advertising agencies.

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