Are the traditional shopping carts doomed to disappear? The Alsatian manufacturer Caddy, which gave its name to the supermarket trolleys, declared bankruptcy on Monday after an accumulation of difficulties which have exhausted its cash flow.
“We filed this morning a declaration of cessation of payment at the court of Saverne (Bas-Rhin) (…) Our cash flow is dry,” said Stéphane Dedieu, confirming information from the newspaper The Latest News from Alsace (DNA).
A hearing which will determine the conditions of his receivership is scheduled for Tuesday morning before the commercial chamber of the judicial court of Saverne.
“It is a combination of misfortunes that caused us to run out of cash,” explained Stéphane Dedieu, who had taken over the presidency of the company following a previous receivership in 2014.
an unwelcome cluster
“We have suffered a lot of setbacks since the start of the pandemic with a significant drop in turnover, mainly because we work a lot with customers abroad”, detailed the president of Caddy, which has 140 employees. .
“Then we had supply difficulties which delayed our production, then a cluster,” he added, also referring to the rise in the cost of raw materials such as steel.
In the summer of 2020, Caddy, 70% owned since 2018 by the Polish Damix, had cut fifty jobs and regrouped its production of forklifts for mass distribution on the sole site of Dettwiller (Bas-Rhin). “We had a lot of setbacks when we reconnected our production lines and we lost a lot of production days, which ate up our cash,” lamented Stéphane Dedieu.
Founded in 1928, the company invented the metal trolley for supermarkets and hypermarkets and marketed it in the 1950s under the brand «Shopping cart», which has become a common name. It has grown with the rise of the consumer society, before undergoing two legal receiverships, in 2012 and then in 2014.