Major Crisis in French Ready-to-Wear Sector Leads to Massive Store Closures and Brand Bankruptcies
The French prêt-à-porter sector faces a severe crisis with massive store closures and bankruptcies affecting major brands and city center retail.
Bankruptcy
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2025 Marks a Crisis Year for Iconic French Brands with Numerous Bankruptcies and Job Losses
A wave of bankruptcies in 2025 has deeply affected iconic French brands, especially in fashion and textiles, causing thousands of job losses and prompting judicial recoveries and liquidations.
French Government Launches Legal Action Against Greybull Capital in NovAsco Liquidation
France initiates legal proceedings against Greybull Capital over NovAsco's failed investment and workers stage protests demanding accountability.
Brandt Appliance Company Liquidated, 700 Jobs Lost Amid Failed Revival Efforts
Brandt’s judicial liquidation causes 700 job losses despite efforts to save the company with a cooperative plan backed by regional and state support.
Fashion Retail Faces Crisis: IKKS Judicial Recovery and Major Brands Exit BHV Amid Competition and Payment Issues
IKKS enters judicial recovery affecting over 1,000 jobs, while major brands flee BHV following Shein's arrival, signaling turmoil in France's fashion retail ahead of Christmas.
Marine Le Pen Accuses Bruno Le Maire of Complicity in Fraudulent Public Finance Bankruptcy
Marine Le Pen accuses Bruno Le Maire of hiding public finance issues and complicity in fraudulent bankruptcy, demanding accountability for government transparency failures.
Record Business Failures in France in September 2025, Impacting Larger Enterprises and Industrials
France sees highest business failures since 2009 in September 2025, with rising insolvencies among larger firms and industrial sectors.
Iconic Lyon Bar 'Au P’tit Zinc' Faces Liquidation Over Tax Dispute Amid Community Support
Lyon’s iconic bar Au P’tit Zinc is threatened with closure after a tax dispute over allegedly undeclared drinks, sparking community crowdfunding support to save the historic venue.
France's Public Debt Hits Record €3.4 Trillion, Raising Concerns Over Economic Stability
France's public debt reaches €3.4 trillion, raising alarms over economic ramifications.