US EditionReady-to-Wear: the Ikks Brand Set on Its Fate This Friday, 50% of the Employees Taken Over?
16 Articles
16 Articles
The court of economic activities in Paris validates the resumption of the IKKS by Santiago Cucci and Michaël Benabou. But behind this rescue, a brutal reality: nearly 500 jobs out of a little more than 1,000 will disappear. The decision illustrates the deep crisis that is shaking the clothing sector.
Recaptured by two entrepreneurs, at the bar of the court, the fashion brand will lose 574 of its 1,094 jobs.
The IKKS fashion group is taken over but some 500 jobs out of 1,000 are eliminated.
The offer to take over the French brand includes the maintenance of 546 direct jobs out of the 1,094 in France and 119 outlets.
Half of the employees of IKKS will be kept by Santiago Cucci's buyer. 119 outlets are also maintained.
On Friday 12 December, the Paris Economic Court ruled on the takeover of the IKKS loan-to-wear group, which was placed in judicial reform, which employs some 1,000 employees in France. The Cucci-Benabou group's offer was accepted.A dozen or so takeover bids, some very partial, had initially been filed in this case, a symbol among others of the crisis in the clothing sector in France, marked by competition from the second hand and the ultra-ephem…
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