Type
Closure
Country
France
Region
Méditerranée; Provence-Alpes-Côte d\'Azur; Alpes-Maritimes
Location of affected unit(s)
Nice
Sector
Financial / Insurance/ Estate
Real estate activities
Real estate activities
68 - Real estate activities

100 jobs
Number of planned job losses
Job loss
Announcement Date
7 July 2025
Employment effect (start)
7 July 2025
Foreseen end date
1 September 2025

Description

The Nice-based company Versity, specializing in low-cost real estate activities, was placed into liquidation by the Nice Commercial Court in June 2025. This will affect nearly 100 jobs.

Despite an innovative project to combine real estate and digital activities, Versity never achieved profitability. Back in 2024, the company was already experiencing difficulties. According to Frédéric Ibanez, one of the founders of Les Agences de Papa, this failure has been caused by the rise of artificial intelligence, which has had a negative impact on Versity offering.


Sources

Citation

Eurofound (2025), Versity, Closure in France, factsheet number 203042, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203042.