Clearly, clothing brands in France are going through a complicated period. Camaïeu, Kookaï and Pimkie fell at the start of the year. It’s the Comptoir des Cotonniers and Princesse Tam Tam’s turn to tremble… The Fast Retailing France group, a subsidiary of the Japanese giant of the same name, announced on Monday that it was considering closing 55 Comptoir des Cotonniers and Princesse Tam Tam stores out of 136 in France. , as well as the elimination of 304 positions.
The announcement of this “project to overhaul the distribution strategy” and “reorganize the network of points of sale” was made on May 23 to the representative bodies of the staff of the two brands, the group told AFP, confirming information from the specialized site FashionNetwork.
Comptoir des Cotonniers (women’s clothing) and Princesse Tam Tam (lingerie) are owned by Fast Retailing France, an entity of the Japanese textile giant whose flagship brand is Uniqlo. The objective of the plan is to “continue to adapt Fast Retailing France to changes in the clothing market and to stem the serious difficulties encountered by the company and its subsidiaries in order to ensure their sustainability”, according to the group.
“The situation today is such that it no longer allows Fast Retailing France to continue without risking compromising its future and that of its brands. Especially since no prospect of a real recovery is envisaged, ”says the group.
To this is added the elimination of 119 positions within Fast Retailing France “in order to adapt the workforce to the reorganization of the distribution network but also to reduce its oversizing”. “The objective is to close the closures (of shops) by August 2024, but the support for employees will be over a longer period,” said the group.
