French fashionwear chain New Man has confirmed to just-style reports in the French media that it is to close its sole remaining production site in France, located at its HQ in Cholet, France, with the loss of 60 jobs.
New Man has not elaborated on the reasons for the closure, but company chief, Eric Labaume, has indicated that some production related activities such as model planning and fabric testing will continued to be carried out in France "in order to guarantee the preservation of the cut and quality that has made New Man successful."
Two years ago, the company reduced its production in France with the axing of 70 jobs.
In parallel with the French production shutdown, New Man is also planning to restructure its distribution network through the closure of a number of its less-profitable stores, some of which will be re-opened in other locations.
Founded in the 1960s, New Man posted a 2007 turnover of EUR100m (US$151.82m), up 4% on the previous year.

By Stuart Todd.