A French jewellery chain took on pandemic debt — 19 months in court worked it off

Corbeille d'Or runs five companies operating 21 jewellery and watch shops across France, most of them in the Paris region, plus two e-commerce sites, Corbeille d'Or and Les Anneaux Bleus. Like much of French independent retail, it came through the 2018–19 yellow-vest protests and the Covid closures leaning on state support to stay open.

That support kept the stores trading but left the group carrying debt it could not sustain once ordinary retail conditions and rising purchase costs returned. In November 2023 the group asked the Tribunal de Commerce de Bobigny to open judicial restructuring (redressement judiciaire) proceedings across all five companies rather than wait for a creditor to force the issue.

Over the roughly 19-month observation period that followed, Corbeille d'Or closed its unprofitable stores, repositioned its product mix, and put money into its digital channels rather than its physical footprint. The Bobigny court validated the resulting restructuring plans on June 10, 2025 — built around full repayment of the group's debts on an extended schedule, not a write-down.