the sign asks to be placed in receivership | EUROtoday
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The French ready-to-wear model has requested its placement in receivership. Naf Naf employs 660 folks in France and owns 131 shops.
LC with AFP
© Philippe HUGUEN / AFP
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L’ready-to-wear model Naf Naf dangers being placed in receivership from the starting of September, a spokesperson informed AFP. The model is dealing with “rent payment arrears” collected throughout the Covid interval. This confirms data from the specialised web site Fashion Network. The spokesperson clarified that the model was not eligible for help throughout the well being disaster. At the starting of subsequent week, a listening to is to be held at the Bobigny Commercial Court (Seine-Saint-Denis), the place the firm should “file a continuation plan”.
The French model launched in 1973 by two brothers employs 660 folks in France, owns 131 shops and has a 2022 turnover of 141 million euros, “growing”, in accordance to the spokesperson. The firm had begun to restructure and reduce 27 positions in June 2023 as a part of a PSE, the spokesman informed AFP.
It had already been placed in receivership in May 2020 and brought over by the Franco-Turkish group SY, which continues to be its shareholder, and which had already acquired the Sinéquanone model in 2019.
The French ready-to-wear sector in unhealthy form
Camaïeu, Kookaï, Burton of London, Gap France, André, San Marina, Kaporal, Don’t Call Me Jennyfer, Du Pareil au Même and Sergent Major… These manufacturers well-known to French shoppers suffered from an explosive cocktail: pandemic, inflation, rising prices of vitality, uncooked supplies, rents and wages and competitors for second-hand items.
It was deadly for sure manufacturers, which had been liquidated, resembling Camaïeu in September 2022, whose dismissal of two,100 workers made a robust impression. Others are in receivership, resembling Kookaï or Burton of London.
READ ALSOAndré, Kookaï, Gap…: the causes for a carnageWithout reaching that time, nonetheless others are slicing again, slicing employees and shutting shops, resembling Princesse Tam Tam, Comptoir des Cotonniers (Fast Retailing group) or Pimkie.
https://www.lepoint.fr/economie/naf-naf-l-enseigne-demande-a-etre-placee-en-redressement-judiciaire-31-08-2023-2533514_28.php#xtor=RSS-221