They could lead to the announcement of a major restructuring.
According to Le Figaro, employees fear an impressive plan for store closures, with many job cuts in the key. One cause of this failure is the upmarket strategy of the two signs, which would not have attracted new customers and drives away the old ones.
The Halle, staff representatives fear close 200 to 250 of 600 stores, and the suppression of 1900 jobs, mostly part-time, explains Le Figaro. Chez André, 40-50 160 shops may be closed, and 200 to 250 job cuts.
“jewel of French distribution of clothing and Shoes, Vivarte, weakened by an abysmal debt and the reversal of its markets since 2008, has been held since the end of summer by its creditors, starting with the funds Oaktree, Alcentra, Basbson and Golden Tree. They have named the end of August a new boss, Richard Simonin, they charge to put the square group, “says Figaro
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