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    Poultry processing firm Doux could go into receivership

    Zoom in font  Zoom out font Published: 2012-06-01  Origin: FBR
    Core Tip: French poultry processing firm Doux could go into receivership because of increasing debts. According to analysts, the company owes nearly €430m to banks and suppliers.
    Recently, the company handed over the operations of its Brazilian poultry processing division Frangosul to JBS. In addition, it has suspended the company's CEO Guy Odri as well as general secretary Herrick Pinguet.

    The chairman of Doux is currently heading the company, while his son Jean Charles Doux has been appointed as the new CEO, reported Thepoultrysite.com.

    The company reportedly has to pay €20m to Barclays Bank in June, owes about €90m to suppliers, and has debts of around €200m in Brazil.
     
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