Pierre & Vacances-Center Parcs Group Information
Regulatory News:
The ongoing pandemic and the ensuing restrictive measures it requires have continued since almost one year to take a heavy toll on the activities of the Pierre Vacances-Center Parcs Group (Paris:VAC), like all players in the tourism industry.
More specifically, with ski-lifts remaining closed in France as well as access banned to waterparks, restaurants and indoor sports and leisure activities, virtually all of the Pierre Vacances Residences and Center Parcs Domains have been obliged to close.
Given the lack of visibility on a way out of the crisis, there is no current way of predicting a timeframe for the reopening of the Residences and Domains.
Groupe Pierre & Vacances: Pierre & Vacances-Center Parcs Group Information
Regulatory News:
The latest publications of Pierre Vacances-Center Parcs Group (Paris:VAC) have confirmed the impact on the beginning of its 2020-2021 financial year of the Covid-19 crisis.
As the timetable for the rebound of its touristic activities is constantly being postponed due to the extension and aggravation of the health crisis, the Group has assessed the main options to deal with this context.
On January 28th 2021, the Group s Board of Directors has decided to request the opening of an amicable conciliation procedure.
The purpose of this procedure is to conduct amicable discussions with the Group s main stakeholders under the aegis of the conciliator.