French tannery still hopeful after filing for bankru - leatherbiz: Lea Leatherbiz

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French tannery still hopeful after filing for bankruptcy protection

29/01/2015
A tannery in France, Tanneries Dupire, has filed for bankruptcy protection owing to a decline in orders and high raw materials costs. The company, based in Châteauneuf-sur-Sarthe near Angers, has been given six months by the courts to turn its business around.

Tanneries Dupire chief executive, Cyril Ponsignon, said on making the announcement that the tannery would continue to operate and that he was optimistic about its future if a new owner can be found.

Mr Ponsignon explained that Tanneries Dupire had, for a number of years, attempting to find a niche for itself in the luxury space. “That move into luxury will have to be faster now,” he said.

The tannery has around 60 employees.




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