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Record Business Failures in France Impacting Over 260,000 Jobs in 2024

In 2024, over 66,000 businesses in France went bankrupt, marking a record high since 2009, according to BPCE’s annual report. This exceeds pre-pandemic levels by 28% and threatens approximately 260,000 jobs. The wave of insolvencies primarily affects small and medium-sized enterprises, with a significant increase in failures among notable companies like Duralex and Le Coq Sportif. Economists predict that the challenging economic climate, including inflation and rising interest rates, will lead to further business failures in 2025, potentially reaching 68,000.

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