FRANCE: Clothing Chain Tati Facing Fight For Survival
Fashion chain Tati was on Tuesday placed in receivership and given four months to find new owners or file a survival plan.
The operator of around 30 stores is well-known it is home country for its cheap and cheerful clothing.
It employs around 1,200 people but has faced financial problems in recent months due to the weak retail environment and fierce competition from rival discount retailers such as Hennes & Mauritz AB.
Companies: H&M Hennes & Mauritz AB
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