1855.com – renewed investigation with a new judge appointed

 

A rather late news flash:
Unfortunately I missed this most recent development in the long-running 1855.com saga and am indebted to my fellow Les 5 du Vin colleague, Hervé Lalau, for bringing this report by Jérôme Baudouin in the Revue du Vin de France back in early July 2017 to my attention.

On 6th June 2017 the President of the Chambre d'Instruction de la Cour d'Appel de Paris decided to fire the judge, who had been in charge of the enquiry, and to appoint a new one. The President was not impressed that after nearly two years the investigation appeared to be getting nowhere. Hopefully this second judge will be more effective and that there is a proper and thorough investigation into the scandal of 1855.com and its two principals – Emeric Sauty de Chalon and Fabien Hyon. 

When 1855 was forced into liquidation it had debts of over 40 million euros and millions of bottles, many of them Grand Cru Bordeaux, that were never delivered to their clients.

There has long been a strong suspicion that Hyon and Sauty de Chalon have had protection in high places. It looks as though this may have continued. 

First two paragraphs of the RVF Report:

Affaire 1855.com : le juge dessaisi,
l’enquête redémarre

Tournant décisif dans l’affaire 1855.com, le président de la Chambre d’Instruction de la Cour d’Appel de Paris a décidé de dessaisir de son enquête le juge enquêtant sur le site frauduleux depuis 2015 pour la confier à une nouvelle juge qui va reprendre l'enquête.

Alors que depuis deux ans, l’enquête semblait s’enliser dans les méandres de l’inertie judiciaire (voir La RVF n°613 de juin 2017), l’affaire a pris un tournant surprenant et décisif, le 6 juin dernier, lors d’une audience intense de la Chambre d’Instruction de la Cour d’Appel de Paris.

Read the rest here 

1855 (aka Heracles) under French fraud investigation

Le Parisien devotes a full page today 

to these 'crooks' – Chalon and Hyon

Le Parisien is reporting that 1855.com and fraudsters Emeric Sauty de Chalon and Fabien Hyon may finally be facing French justice with the Paris Public Prosecution looking into how Chalon and Hyon ran companies that owed 40M€, had 11,000 disappointed clients and failed to deliver a large percentage of the wines its clients ordered.  

Philippe Blanchetier, lawyer for 1855's management, 'the accusations of fraud are entirely wrong, that they were victims of the Bordeaux establishment who disapproved of 1855's approach and set out to undermine the company. Chalon and Hyon are now penniless.'

Is the English translation of 'Blanchetier' perhaps whitewash?    

Decidedly good news, although very belated, if Le Parisien is correct.

1855/Héraclès finally bust but many, many questions remain to be answered!

Emeric Sauty de Chalon  

Founder and PDG of 1855 renamed Héraclès 

 August 2012: 1855 on France2 – labelled ARNAQUE

Fabien Hyon, managing director of 1855 – Héraclès group 

Last Friday's final collapse into liquidation of Héraclès/1855 is good news as Hélène Poulou, the tenacious Bordeaux lawyer who has pursued this scam for a number of years, says.

Whether her nearly 400 clients will get much of the around €5 million, excluding damages, they are owed is another question. Poulou's clients paid around €1.2 million for wine they never received. The figure of €5 million is based on the current value of the wine ordered as well as the various fines that were imposed on the Héraclès group due to their failure to deliver.

How much, if any, of the more than €40 million claimed by over 11,000 clients of this long-running scam will they ever see?

Two of a host of questions that the long-running scandal of 1855/Héraclès raises.  

Here are a few more:

1855's failure to deliver wines, especially en primeur Bordeaux, date back at least to the 2002 vintage. Although the serious problems started following the 2005 vintage, when the prices shot up and Hyon and Chalon's decision to sell short blew up in their faces – or strictly speaking in the faces of their unfortunate clients. Yet despite an ever increasing volume of complaints, legal action and coverage in the media – print, TV and on-line, Hyon and Chalon were permitted to continue to fleece their clients to the end of 2014. 

Why wasn't this scam closed down much earlier?

Why no action from the Répression des Fraudes despite receiving complaints dating back years? 11,000 clients fleeced to the tune of over €40 million would seem to be reasonably significant.....

Héraclès/1855 went into administration in October 2013. Although it was clear that Emeric Sauty de Chalon and Fabien Hyon were a pair of deliquents and not fit to run any business, the Tribunal de Commerce de Paris allowed them to continue to involved in running the company.    

 

Did Emeric Sauty de Chalon and Fabien Hyon enjoy hidden high-level protection from within the French establishment? Did having Jean-Pierre Meyers as a long time shareholder perhaps provide them with a shield?

Did this protection extend into the Tribunal de Commerce de Paris who inexplicably waved through the innumerate and clearly inadequate business recovery plan. The mysterious PLF1 group based in Luxembourg offered only a total of €2.5 million yet the claimed debts totalled over €40 million. The €2.5 million was to be paid in two tranches – €1 million and then a further €1.5 million once the recovery plan had been accepted. Many clients who had ordered Bordeaux Cru Classés were to be palmed off with bottles of 2012 Bordeaux Supérieur, while the larger creditors were to be repaid over 8 years with the repayments weighted towards the end of the repayment period. 

In September 2014 the Tribunal accepted the assurances of an apparent 'representative' of PLF1 that the promised funds would be forthcoming. Yet in early December 2014 PLF1 informed the Tribunal that the person who gave the court the assurances back in September did not work or speak for PLF1!

Little is known of the shadowy PLF1. Was this a desperate late ditch ruse by Emeric Sauty de Chalon and Fabien Hyon? Or was it, perhaps, a life boat constructed by one or more of Chalon and Hyon's well connected former shareholders?  

Despite all this why did the Tribunal de Commerce de Paris become complicit in this long-running scam when they gave Emeric Sauty de Chalon and Fabien Hyon the green light to go on their merry ways and continue to fleece their unfortunate clients? 

Is the Tribunal de Commerce de Paris always this incompetent or was this a one off?    

  

Will French justice now at long last catch up with the two delinquents – Hyon and Sauty de Chalon? Will there now be a serious investigation into what happened to all the money paid to Emeric Sauty de Chalon and Fabien Hyon's companies for wine that was never bought or delivered? Did Emeric Sauty de Chalon and Fabien Hyon simply just trouser large dollops of cash or was it spent on glamorous parties and launches?  
 
Earlier post on the liquidation.

A suivre! 

 

Héraclès (1855): finally forced into liquidation

Emeric Sauty de Chalon, founder of Heracles (aka 1855) and its president

Fabien Hyon, managing director 

La Revue du Vin de France is reporting that the Héraclès group (1855, Châteauonline and Cave Privée) has today been forced into liquidation by the Tribunal de Paris. The recovery plan approved by the Tribunal in late November 2014 has collapsed with the withdrawal of the investor, who was underwriting the recovery plan. 

With luck justice will now finally start to snap at the heels of Emeric Sauty de Chalon and Fabien Hyon. 

The liquidation judiciaire of the entire Héraclès group has been confirmed this evening by the tenacious Bordeaux lawyer, Hélène Poulou, who represents some 300 clients defrauded by Emeric Sauty de Chalon and Fabien Hyon. 

It is certainly good news that this escroquerie is finally brought to an end. However, you have to ask why was it allowed to continue for such a long time when it was common knowledge that 1855/Héraclès failed to supply wine apparently to the tune of over €40 million. Héraclès has only been declared bankrupt because its 'mysterious' Luxembourg investor has either pulled out or proved to be a 'mirage'. Otherwise the decision of the Tribunal de Commerce de Paris to accept the 'business recovery plan' in late November 2014 gave Emeric Sauty de Chalon and Fabien Hyon official sanction to continue to fleece their clients.

I'll drink to Fabien Hyon and Emeric Sauty de Chalon spending next Christmas in a French jail – santé!        

Why was this long-running scam allowed to continue so long? The questions that need answers!

     

1855 – jaw dropping arnaque!

The celebrated fraudster Charles Ponzi 

would be proud of these boys!

On 21st October le Tribunal de Commerce de Paris considered the proposals made by 1855.com (now called Héraclès) and châteauonline.fr (now called Arés), to sort out their businesses. These plans had been submitted the month before. At the end of the hearing the Tribunal put back making a decision until the end of November. The 1855 group of companies went into administration in October 2013. 

The details of the 1855 business proposals are not really relevant as, on past performance, Fabien Hyon and Emeric Sauty de Chalon, will fail to keep any promises they make. Who can blame them when the French authorities allow the 1855.com arnaque, which may well owe 42€ million to 11,000 creditors to continue unabated?

The business plan submitted by 1855.com includes a proposal to repay money owed to creditors (mainly people who had ordered wines en primeur) over a period of eight years. Another proposal is to offer to some creditors a Bordeaux Superieur that can be bought in a supermarket for 5.5€ in exchange for the en primeurs they ordered but never received.  See fuller details here.  

It is difficult to understand how the long-running 1855 saga is allowed to continue unless Fabien Hyon and Emeric Sauty de Chalon still enjoy protection at a very high level.  

The 1855 scandal continues to reflect badly on the rest of the French on-line retail wine sector.     

News update on 1855 – the frauds appear to continue!

Domaine de Chevalier, Pessac-Léognan 

Ordered: 1 bouteille Domaine de Chevalier 2007 – Pessac Léognan rouge : 39,95 € 

A very recent article in Que Choisir demonstrated clearly that the difficulties and frauds associated with 1855 continue even though the company is in administration. Through an intermediary Que Choisir placed an order for wine that should have been delivered within 24 hours – the wine was supposed to be in stock and available. However, a month later they were still waiting delivery of their wines. Impossible, of course, to contact anyone at 1855.

Hardly surprising as serial fraudsters Emeric Sauty de Chalon (Président du conseil d'administration) and Fabien Hyon (Directeur général) have been retained to run the company despite the very long litany of complaints and a host of legal actions against 1855! Friends in high places?  

Que choisir article:

'1855.com

La coupe est pleine

Que Choisir alerte régulièrement ses lecteurs sur les pratiques commerciales douteuses de 1855.com. Malgré plusieurs procédures en cours (dont une plainte déposée par l’UFC-Que Choisir), ce site de vente de vin en ligne est toujours en droit de poursuivre son activité. Actuellement en redressement judiciaire, la société est en période d’observation. Honore-t-elle pour autant ses commandes ? Pas vraiment.'

Curiously within ten hours of this article appearing on line three of the four wines ordered were delivered. I suspect if it wasn't for the article the person who had ordered the wines would still be waiting for them to be delivered. In any case 1855 – Hyon and and de Chalon – were only able to cobble together three of four wines ordered – all, of which, were supposed in stock. Arnaque toujours! 

The other news is that finally a preliminary investigation into the 1855 fraud has been set up. I don't hold up much hope that both Emeric Sauty de Chalon and Fabien Hyon will be brought to justice as I suspect they still have well-connected friends in high places providing them with protection. 

There is also an interesting interview here with Hélène Poulou, the Bordeaux lawyer who represents some 300 fleeced clients. Also here there are further reflections on the persuasive charm of fraudster Emeric Sauty de Chailon. 

http://www.boursier.com/actions/actualites/news/heracles-ex-1855-le-parquet-de-paris-ouvre-une-enquete-preliminaire-570729.html

http://patrimoine.lesechos.fr/patrimoine/art-collection/marche-art/0203405616733-vin-la-descente-aux-enfers-de-1855-660624.php

http://www.lesechos.fr/entreprises-secteurs/service-distribution/actu/0203377499212-1855-la-pyramide-de-ponzi-du-vin-657558.php

1855: is the Paris court hand in glove with Emeric Sauty de Chalon and Fabien Hyon asks LARVF?

Fabien Hyon – still in post 

I wouldn't trust this man even a small fraction of an inch!

Emeric Sauty de Chalon – still in post

La Revue du Vin de France asks whether fraudsters Emeric Sauty de Chalon and Fabien Hyon are being protected by the Tribunal de Commerce de Paris. 

'Scandale 1855.com : ses dirigeants sont-ils protégés ?
Pétition d’avocats, plaintes qui n’aboutissent pas, soupçons de complaisance. Depuis le placement en redressement judiciaire des sociétés du groupe de vente de vins en ligne, les faits troublants s’accumulent. Certains avocats des victimes jugent que l'attitude du tribunal de commerce de Paris est partiale.'

Amazingly Fabien Hyon and Emeric Sauty de Chalon have been allowed by the court to form a new company called BGV!

 

Read the rest here:

1855 – looks like the hi-wire act is finally over

8.10.2013 – the 1855 site still functions

Finally the increasingly jawdropping history of 1855 appears to be over as the group has gone into administration today. Apparently 1855's management initiated this move seeking protection from its multiple creditors. Hopefully this is just the start and that Emeric Sauty de Chalon and Fabien Hyon will be brought before the French courts charged with fraud.

Shares in 1855 continue to be traded on the Paris Bourse but the price dropped a little today from 0.09 a share to 0.08.

See details below:

La SA 1855 en redressement judiciaire - Terre de Vins

Vente de vin en ligne : la société 1855 en redressement judiciaire - SudOuest.fr

1855 en redressement judiciaire : l’angoisse des clients floués - La Revue du vin de France

Also here on the Bon Vivant blog (Nicolas de Rouyn).

See also discussion on La Passion du Vin:

Comment from someone who is still waiting for their Bordeaux primeurs:

I am not sure if you have seen, but I get at least two emails such as these from Chateauonline daily.

They seem to have stepped up their marketing campaign in the last month, clearly they are trying to drum up revenues.

I do not believe in coincidences, but DDG instructed some Huissiers to actually go and seize assets of both 1855 and Chateauonline (procédures d'exécution forcé) to try and settle my outstanding delivery in addition to whole load of others plaintiffs, but this was not successful.

So DDG have pooled together various plaintiffs and have started another procedure, to be heard on 24 October 2013, called une assignation en redressement judiciaire which I think is the first steps towards forced liquidation. To be honest, I am not 100% sure of that, you would need to check with a lawyer in France as to what this means, but I know that this is serious and if 1855 ignore this, I am fairly certain that this is the end of the line for them.

If you ever needed any confirmation of the crookedness of this firm, this latest marketing campaign must be it. DDG is of the opinion that they will come to the hearing on 24 October 2013 armed with a cheque to settle their current outstandings. In my view, the only way that they can do this right now given their cashflow is by financing this by recent sales such as the one below, assuming that they can dupe other poor souls.

 

1855 to become Héraclès: you couldn't make it up!

1855 = Héraclès

Amazing! It has finally got through to the geniuses who run the fraudulent 1855.com that their repeated failure over many years to supply the wines that their customers have ordered has made the company's name lethally toxic. So time to change the name – wipe the slate clean and hope that that there are still enough 'pigeons' to be taken in by this scam!

Shareholders in 1855.con will be asked on 19th September to vote through a name change – laundering 1855 to Héraclès (Hercules).  

'1855 va changer de nom. La société a convoqué ses actionnaires en assemblée générale mixte le 19 septembre prochain, pour notamment entériner le changement de dénomination sociale en "Héraclès".'

Lire la suite. 

How very appropriate to name a company, which sells 'mythical' wines, after a mythical character!!  

One can imagine Fabien Hyon, managing director of the 1855 group, and Emeric Sauty de Chalon, founder and president of the 1855 group   discussing the name change:

Fabien Hyon: Bonjour Emetic (Emetic is apparently the rather tasteless nickname used by Emeric's friends).

Emeric: Oui, bonjour Fabien!

Hyon: Emetic I think we have an increasing problem with 1855 name.

Emeric: Why's that?

Hyon: Doing a search on 1855.com brings up a lot of negatives. People are beginning to think we are fraudsters. It can't be long before the supply of pigeons (marks) starts to dry up. We need to react before its too late.

Emeric: Relax Fabien! Look we have got away with this scam for nearly 20 years – why change a winning formula? 

Hyon: No I'm serious Emetic – a name change would freshen everything up. All the dirty washing would go and ABUS1855.com would no longer have any meaning.

Emeric: You may have a point Fabien. Any ideas? 

Hyon: Well ...

Emeric: What about Hermes – the swift messenger to go with our new super-efficient logistics paltform?

Hyon: Emetic, I like the classical illusion but Hermes was the god of thieves! Isn't  that a bit too close to the truth?

Emeric: Perhaps...

Hyon: What about Héraclès?

Emeric: You know Fabien that's a great idea!

••

Assuming that the name change goes through on 19th September. The Fifth Labour of Hercules – Cleansing the Augean Stables – should become the First. Even better if the French authorities took on Herculean properties by closing down the 1855 stable!    

1855 – is this the end as Jean-Pierre Meyers pulls out?

Item 4 on a Google search on Jean-Pierre Meyers links him with 1855  

La Revue du Vin de France is reporting (5.12.12) that Jean-Pierre Meyers, one of 1855's principal investors is pulling his money out of 1855. Quoting a close associate of Meyers LARVF reports that around two months ago Meyers instructed his lawyers, Bredin Prat who are based on the fashionable Rue du Faubourg Saint-Honoré in the centre of Paris, to liquidate his investment in 1855. 

The report explains that Meyers has decided that his association with 1855 with its toxic reputation is damaging his own reputation. Meyers, married to Françoise Bettencourt the daughter of L'Oreal heiress Liliane Bettencourt, is on the boards of both L'Oréal and Nestlé. He is also managing director of Thelys, the Bettencourt's holding company that controls 30% of L'Oréal and 6% of Nestlé. Mention that Meyers was a long-term investor in 1855 has been expunged from his Wikipedia entry.

It cannot have been comfortable for Meyers to have seen 1855 labelled as an 'arnaque' by France2 (August 2012) or the increasing number of court judgments against 1855 in Paris, Bordeaux and Arcachon coupled with the knowledge that there are several hundred cases in process. 

Nor can Meyers have been comfortable with the complaints from some of the top châteaux of Bordeaux including the Cathiards of Smith-Haut-Lafitte who are personal friends of the Bettencourt-Meyers and furious that clients of 1855 have paid 1855 for cases of their wine which were not delivered.

Meyers may well have been embarrassed when Philippe Castéja, president of the Conseil des Grands Crus Classés en 1855, criticised 1855's 'business' practices in late July 2012. Little wonder that Sylvain Boivert, director of the Conseil greeted the LAVRF news of Meyers' quitting as 'La bonne nouvelle du jour..' (Today's good news story)! 

Another factor for Meyers may have been the founding of Abus1855 with the eventual aim of getting 1855 closed down because of its fraudulent practices. Report here on members of Abus1855 picketing a swanky 1855 Champagne function at the Intercontinental in Paris.

Little wonder that shares in 1855 are now trading at 0.02€ on the Paris Bourse valuing the company at 10.66€ million. It remains to be seen whether 1855 can attract other investors to fill the place of Meyers. At the last injection of capital into 1855, it was announced that Midi Capital associated with the Caisse d'Epargne was a new investor in 1855. It will be interesting to see how long Midi Capital or Caisse d'Epargne customers will want to be associated with an 'arnaque'!

1855 has called an EGM for 10.30 Friday 21st December in Paris at the Ibis Hotel Paris Gare du Lyon Ledru Rollin, 41/43 Avenue Ledru Rollin, 75012 Paris to vote on restucturing 1855's junk shares. I assume that members of Abus1855 will be picketing this meeting.  

Will Meyers pulling out prove to be terminal for 1855? To lose the support of one of France's leading businessmen cannot be good news despite whatever gloss Fabien Hyon wants to put on Meyers' departure. See Hyon's comments below. It confirms that close association with 1855 can be a truly toxic experience.

••

Earlier today I emailed the following questions to Fabien Hyon, managing director of the 1855 group of companies:

Dear Fabien Hyon

I have been asked by Decanter to write a news report based on the news (LAVF – 5.12.12) that Jean-Pierre Meyers is reported to be withdrawing the capital he has invested in 1855.

Could you confirm that M.Meyers is withdrawing his capital?

Also has 1855 been able to find other investors to replace M.Meyers and will 1855 and its associated companies be able to continue to trade without his support and capital?

Fabien Hyon's response: 

Although the last time you asked for information, you decided not to take it into account as it did not fit in your "story telling", you may be interested in relating some facts and figures regarding this matter.

1) Jean-Pierre Meyers was not a shareholder of 1855 but a shareholder of the founder's holding.

2) Jean-Pierre Meyers was a minority shareholder of the founder's holding and, consequently, has never been a main source of funding for 1855. 

The RVF figures — that they have not bothered checking — do not relate to any reality and are widely over-evaluated.

3) Said otherwise, should Jean-Pierre Meyers have been of any type of "guarantee" or some real "source" of fundings, 1855 would have never gone through the tensions that you have witnessed relating Bordeaux Primeurs delayed deliveries.

4) 1855 still benefits from three main sources of fundings :

- its profitability, confirmed for S1 2012,

- access to the stock market,

- the founder's holding financial standing

5) The exit of Jean-Pierre Meyers from the founder's holding has not generated any weakening of the 1855's financial structure. As a matter of fact, it has been an opportunity to reinforce the financial structure of the 1855 group. It is a pleasure to announce that a group of new shareholders has join the founder's holding: they are authentic entrepreneurs, strongly involved in the development of 1855 for the coming years.

Fabien Hyon

1855 – shares nearly as worthless as the promises of Emeric Sauty de Chalon and Fabien Hyon!

 

1855 shares dropped to 0.02p 23.11.12 am 

1855 shares recover to 0.03p 23.11.12

Earlier this year shares in the 'arnaque' wine company 1855 were trading on the Paris Bourse at between 0.03€ and 0.04€. Now they have fallen even further  and are now trading between 0.02€ and 0.03€. At 0.02€ per share 1855 is valued at 10.66€ million, whereas at 0.03€ the company is valued at 15.99€ million. 

At 0.02€ a share 1855 is nearly as worthless (but not quite) as the frequent promises made by Emeric Sauty de Chalon and Fabien Hyon. 

Last week 1855 called an EGM of shareholders to approve a restructuring of the shares. It will be held in Paris on 21st December 2012. Designed according to Emeric Sauty de Chalon to reduce the volatility of the group's shares on the Paris Bourse. Can I suggest, Cher Emeric Sauty de Chalon, that the best way to reduce volatility in its shares is for 1855 to cease trading as an 'anarque' and instead start to trade legitimately by fulfilling all orders placed by its customers.

Details of the two motions to be put to the EGM (press release from 1855)

'Regroupement des actions

16 Novembre 2012 - Regroupement des actions - COMMUNIQUE DE PRESSE

Le Conseil d'Administration décide de convoquer les actionnaires en Assemblée Générale Extraordinaire le vendredi 21 décembre 2012 à 10h30, à l'Hôtel Ibis Paris Gare de Lyon Ledru Rollin, 41/43 avenue Ledru Rollin, 75012 PARIS, à l'effet de délibérer sur l'ordre du jour suivant :

1 ère résolution	Regroupement des actions de la Société par attribution de 1 action nouvelle d'une valeur nominale de 10 centimes d'euro pour 10 actions anciennes d'une valeur nominale de 1 centime d'euro chacune - Pouvoirs au conseil d'administration à l'effet de mettre en oeuvre l'opération de regroupement ;
2 ème résolution	Pouvoirs.

"A titre d'exemple, tout actionnaire disposant de 10 actions au cours de 0.03 euros par action au jour de la conversion recevra alors une nouvelle action au cours de 0.30 euros. Cette opération n'a donc en soi aucun impact sur la valeur du portefeuille boursier d'un actionnaire de 1855, mais a pour objectif de réduire la volatilité du cours de Bourse de 1855" déclare Emeric Sauty de Chalon, Président.

Le calendrier et les modalités de mise en oeuvre des opérations de regroupement seront arrêtés après l'adoption de la résolution en assemblée et communiqués sur le site internet de la société.

Les opérations techniques de regroupement d'actions seront confiées à CACEIS Corporate Trust, filiale du groupe Crédit Agricole.'

1855; Que Choisir: Appel à témoignage – appeals for witnesses – for evidence

Fabien Hyon – managing director of the 1855 group... 

 

... and his mentor Charles Ponzi

The French consumer magazine 'Que Choisir' is looking for people who have been involved in ligation with 1855.

Appel à témoignage : vente de vin en ligne 1855.com

Appels à témoignages : 1855.com

Octobre 2012

Appel à témoignages : vente de vins en ligne 1855.com

Nous recherchons des témoignages qui traitent des différents litiges rencontrés avec le cybermarchand 1855.com. En effet, cette société spécialisée dans la vente de vin en « primeur » n’honore pas les commandes passées par les consommateurs.

Comment nous faire parvenir vos témoignages (how can you contact Que Choisir?)

Mail : aljudiciaire@quechoisir.org - Fax : 01.44.93.19.51
Post: UFC-Que Choisir - Juridique - 233, Bd Voltaire - 75011 Paris

Ou à l'association UFC-Que choisir de la Mayenne :

Mail : Contact@mayenne.ufcquechoisir.fr

Tél : 02 43 67 01 18 (le matin)

UFC-Que Choisir de la Mayenne

1855 : met la main mort sur les Caves de la Transat

Eugène Delacroix: the shipwreck of Don Juan (aka Caves de la Transat) 

1855 annonce avoir réalisé l'acquisition des Caves de la Transat, les cavistes héritiers du paquebot France.

Naufrage imminent!

Read the rest here on the fraudsters' own site. How come 1855 can acquire new companies when they claim they don't have enough cash to pay fines imposed by the French courts?