2022---painful-reorganization-at-accorinvest – Latest

By mid-2022, AccorInvest began emerging from what CEO Gilles Clavié described as "two years of purgatory".

In July 2020, AccorInvest launched a transformation plan aimed at securing its financial future after turnover dropped by 70% during the pandemic. Key elements included: 2022---painful-reorganization-at-AccorInvest

: The plan involved renegotiating nearly €4 billion in debt with banks and securing a €477 million state-guaranteed loan (PGE). By mid-2022, AccorInvest began emerging from what CEO