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Claire’s France, brand of jewelry stores at low prices, is placed in receivership

Claire's france, brand jewelry stores new: This article explores the topic in depth.

Therefore,

Claire's france, brand jewelry stores new:

Claire's france, brand jewelry stores: This article explores the topic in depth.

Consequently,

Claire's france, brand jewelry stores:

A Claire's store on the first day of winter sales, in Paris, January 8, 2025. Furthermore, claire's france, brand jewelry stores claire's france, brand jewelry stores new A Claire's store on the first day of winter sales, in Paris, January 8, 2025. However, claire's france, brand jewelry stores claire's france, brand jewelry stores new

The French subsidiary of Claire’s. Nevertheless. Moreover, an accessories and jewelry brand at low prices, was placed in receivership, communicated to the Agency France-Presse (AFP) the lawyer for staff representatives, Monday, July 28, confirming information from local radio delta FM. Consequently, The brand. claire’s france, brand jewelry stores new Consequently, claire’s france. brand jewelry stores For example, known for its earrings, piercings and accessories for teenagers, had in early 2024 around 250 stores and 800 employees, according to the latest accounts published.

The Paris Economic Activities Tribunal opened. Similarly, on July 24, a receivership procedure, with a six -month observation period, according to the lawyer interviewed by AFP. At the end of this observation period. the court will decide whether a continuation plan is possible. with a possible buyer, or if a liquidation, synonymous with cessation of activity, must be pronounced. “They say they are looking for a buyer”said the lawyer for staff representatives. Me Khaled Meziani, “But I’m afraid there are a lot of layoffs.”

Like Claire’s. many other brands of accessories. ready-to-wear have been placed in receivership in France for a year and a half, whose brand turned towards the teenage girls Jennyfer, claire’s france, brand jewelry stores new at the end of April, claire’s france, brand jewelry stores which finally found a buyer, allowing to save 350 jobs on 1,000 threatened posts. Many French brands suffer in particular from competition from Asian sites at very low prices like Shein and Temu.

Read also | Article reserved for our subscribers The three winners of the clothing crisis in France are Shein. Temu and Amazon

The American parent company also in difficulty – Claire&#039. s france, brand jewelry stores – Claire's france, brand jewelry stores new

Claire's france, brand jewelry stores new

Present at the hearing. the secretary general of the Federation of CFDT services. Véronique Revillod, denounces to AFP a lack of clarity in the financial data claire’s france, brand jewelry stores new of Claire’s France, “Who was still beneficiary last year”and on the reasons for which the company requested a receivership. Claire’s France had released claire’s france, brand jewelry stores 1.3 million euros in net profit between the end of 2023 and the end of 2024, and 0.8 million in the previous financial year, according to the company’s published accounts.

Its sales had however dropped. passing in one year from 142 million euros to 132 million euros. including 37 million euros as wholesaler in Europe for other Claire’s stores.

The brand’s parent company in the United States is also in trouble. American stores had been placed for the first time. in 2018. under the protection of chapter 11 of the Bankruptcy Act in the United States, and are preparing, according to Bloomberg, to do so again, due to the impact of customs duties decided by Trump on products claire’s france, brand jewelry stores new manufactured in China, which is massively clear. Joined by AFP, the British subsidiary owner of Claire’s France did not react immediately.

Read claire’s france, brand jewelry stores also (2024) | Article reserved for our subscribers Business failures, social plans, restructuring: a rising tide

The world with AFP

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