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Coronavirus: wave of failures in ready-to-wear chains

2020-04-15T17:31:08.149Z


The clothing-footwear sector has been hit hard by the health crisis.


From Charybdis and Scylla. Already affected by a continuous decline in the market since 2008, by the crisis of "yellow vests" and the strikes of this winter, the clothing-footwear sector is suffering the brunt of the health crisis, which led to the closure of stores in mid-March.

On Wednesday, the management of La Halle announced that it was asking the Paris Commercial Court to open a safeguard procedure. With its 860 stores, the brand, owned by the Vivarte group, is a heavyweight in France.

On March 31, it was the iconic shoe maker André - a member of Vivarte until 2018 - who was placed in receivership (RJ). After being shaken by the craze for sneakers, the company, taken over by the e-merchant Spartoo, had returned to growth since last fall; the pandemic made him kneel down. Other more medium-sized companies are also struggling: Wednesday, Gerbe (tights and stockings) was placed in RJ, while

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Source: lefigaro

All business articles on 2020-04-15

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