The men's ready-to-wear brand Celio, which had been placed in a safeguard procedure at the end of June, plans to “
close 102 branch stores and cut 383 jobs
” as part of a plan to safeguard the employment (PSE) presented Wednesday to employee representatives.
“
344 jobs in stores and 39 in support functions
” are concerned, according to a press release from management specifying that the consultation of the CSE “will
extend until the first quarter of 2021
” and that the stores will remain open “
for the Christmas period , with the exception of a few whose leases are expiring
”.
Celio was placed in the safeguard procedure last June.
100% owned by the Grosman family, the brand currently has 4,000 employees worldwide and 1,585 stores in 46 countries, including 488 in France.
Only the French stores operated by Celio, ie 345 points of sale, are affected by this approach.
The sign did not withstand the Covid crisis, when it was already financially weakened by the “
yellow vests
” and the strike against the pension reform.