FRANCE: Mail order firm 3 Suisses to shed almost 200 jobs
French mail order firm 3 Suisses is planning to shed almost half its workforce as a result of transforming itself into a 'pure play' online retailer for fashion and homeware goods.
Around 166 workers will be made redundant, while 32 will be offered early retirement.
In addition, around 45 staff will quit 3 Suisses as part of the company's plans to sell-off some of its activities.
Last month, 3 Suisses, a subsidiary of the 3SI group, announced it was dropping its bi-annual printed catalogue from the forthcoming autumn-winter season.
"We are aiming for a return to break-even in 2016," said 3 Suisses' CEO, Eric Dubois, revealing the company had made an acculmulated loss of EUR300m (US$416.8m) over the past five years, including EUR63m in 2013.
- US fashion firms share their sourcing strategies
- How apparel retailers should react to Brexit
- Cost biggest barrier to Bangladesh RMG remediation
- Britain votes for Brexit – what happens next?
- Lies and statistics – the sustainability version
- Columbia rain jacket a milestone in sustainability
- Bangladesh firm comes top in World Textile Awards
- Myanmar factories prepare for compliance training
- ILO decent work in global supply chains criticised
- Ten key trends in apparel and footwear markets
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing & Footwear Retailing in Indonesia– Market Summary & Forecasts
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis
- Clothing & Footwear Retailing in China – Market Summary & Forecasts
- Nike Inc in Apparel and Footwear (World)