Export to France
The structure of fashion distribution in France
The breakdown of the fashion circuit in 2009, in percentages, is as follows (Source: Eurostat MFI day ‘the fashion consumer'):
Independents 16%, chains 27%, specialised hypermarkets 12%, sports shops 7%, Department stores 5%, Variety stores 2%, Hyper/supermarkets 13%, Remote sales 7%. Other 10%.
Useful information on the Fashion Market in France
Precautionary measures for the B to B debts
The management of our clients' accounts receivables is often done with a SFAFC credit insurance policy which directly links our client to the company. Indeed in France, apart from in financial establishments, the notion of guarantee is against the law (banking law).
When clients are not insured, it is common to ask textile boutiques for back-dated cheques that are accepted as payment plans.
Why? A rubber cheque is an immediate enforceable title that enables one to seize assets from the debtor that our debt recovery department will already have identified. The management of accounts receivables using the online platform enables us to use the accepted draft which is recognition of debt in French law but requires prior legal action that our internal litigation department will do with your agreement and under your supervision.
Among the guarantees and precautionary measures that are useful for debt recovery, we site retention of titles (articles 2367 to 2372 of the Civil code), the main personal guarantee, the deposit, collateral and line retention. Our internal debt recovery department is at your disposal to provide preventative advice and more urgent advice if needed.
Useful information on debt recovery in France: Download an extract of Atradius Collections 2011