Naf Naf closes 17 stores and launches a new social plan

by time news

2023-10-12 14:51:00

In receivership since September, the women’s ready-to-wear brand Naf Naf will close 17 stores, as part of a new social plan, threatening 87 jobs in stores and 30 at headquarters, the CFDT said on Thursday. ‘France Media Agency. This decision was made during a CSE on Wednesday and affects stores in Mulhouse, Bordeaux, Saint-Omer, Brest, Marseille, Niort, Levallois, Nancy, Paris, Nice, Aix-en-Provence, Lille, Toulouse, Tours and Boulogne.

They will all close around November 10, except those in Nice (end of January 2024) and Boulogne (end of March 2024). The head office will move from Asnières (Hauts-de-Seine) to Bondy (Seine-Saint-Denis) in mid-November and the PSE has been open to head office employees who do not want to change their place of work, said Angélique Idali, secretary of the CSE and CFDT union delegate, 87% majority at Naf Naf.

READ ALSO André, Kookaï, Gap…: the reasons for a massacreThe trade unionist fears that the number of 30 jobs threatened at headquarters will increase. “Some employees have more than 25 years of seniority, it’s a shock,” she reacted to AFP. “In four months, more than 150 jobs have been lost in the company,” she lamented.

Judicial recovery since September

The brand was placed in receivership in September by the Bobigny commercial court (Seine-Saint-Denis), in debt in particular due to unpaid rent during the Covid crisis. As is generally the case, it benefits from an observation period of six months. A new hearing is scheduled for November 7 which should allow the court “to take stock of the situation of the company, particularly on the financial part,” indicated Angélique Idali.

READ ALSO André: glory and fall of an iconic shoemakerPositioned in the mid-range, Naf Naf is a French brand. Launched in 1973 by two brothers and now owned by the Franco-Turkish group SY International, before the new PSE it employed 660 employees in France, had 135 stores and posted a turnover of 141 million euros in 2022, “in growth,” a spokesperson told AFP at the end of August.

The company had already been placed in receivership in May 2020 and subsequently taken over by SY International, which is still its shareholder and employs 1,500 people directly around the world, and which had already acquired the Sinéquanone brand in 2019.

It had started to restructure and eliminated 37 positions in June 2023 as part of a PSE.

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