Do&Co acquires Hédiard, Paris
Austrian based catering and hospitality group Do&Co has purchased the majority stake in ailing Parisian gourmet company Hédiard, which had been placed under bankruptcy protection last year by its former owner, Russian millionaire Sergueï Pougatchev.
Hediard is an iconic French gourmet house with a vast offering of foods, sweets, wine, tea etc, its two Parisian landmark locations being situated in Place Madeleine and on Avenue George V, on the groundfloor of Four Seasons George V. The company also has several points of sale in Germany, Spain, Singapore, U.S. and Vietnam.
In 2013, Hediard had a turnover of 13 million euros, however its debt has risen to 11 million euros. Do&Co operates restaurants, hotels and is involved in event and airline catering.