US EditionComptoir Des Cotonniers and Princesse Tam Tam Seek Judicial Protection - RetailDetail EU
12 Articles
12 Articles
This request was motivated by the "continuation of the financial deterioration" of the accounts of the two brands of the Fast Retailing France Group.
Fast Retailing France, which owns both brands, announced in June 2023 that it would consider the closure of 55 shops in Comptoir des cotonniers and Princesse Tam-Tam out of 136 in France, as well as the abolition of 304 posts.
Belonging to the Japanese group Fast Retailing - whose flagship brand is Uniqlo - the two French clothing brands have been in trouble for several years.
On the verge of being placed in recovery, the lingerie brand Princess Tam Tam has been weakened by several successive restructurings for seven years. 40% of its shops have already lowered the curtain in 2022. It is now all its remaining outlets that are threatened.
In an increasingly moving economic environment, the French fashion industry is going through a particularly rough period. And because of this, the clothing sector is more than ever faced with a series of turbulences. After having shown admirable tenacity in the face of the upheavals caused by the Covid-19 pandemic, the brands have to cope with an upsurge in costs, punctuated by persistent inflation. This difficult climate has already led several…
In recent years, many ready-to-wear brands have been in difficulty. In 2022 Camaïeu was unfortunately one of the stores that were victims of the crisis in the clothing sector. Its judicial liquidation had then led to the closure of more than 600 stores and the elimination of more than 2,600 jobs. Unfortunately, other brands could suffer the same fate, like Jennyfer, but that's not all... Bad news has just fallen for two other stores. What are th…
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