Kookaï announces its placement in receivership

by time news

Kookaï announced on Wednesday 1is February, its placement in receivership due “to the economic difficulties encountered by the ready-to-wear sector in Europe, which the Covid-19 crisis has only accentuated”according to a statement from the fashion brand.

This legal proceeding “is not an end in itself”said the company, according to which the 121 French shops will remain open and the 320 employees, in activity.

Read also André, La Halle, Kookaï… Vivarte management unveils a restructuring plan

The World with AFP

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