The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail Sale Of Clothing In Specialised Stores
138 jobs Number of planned job losses
Announcement Date
9 February 2024
Employment effect (start)
12 February 2024
Foreseen end date
29 February 2024
Description
Tally Weijl, a Swiss company known for designing, manufacturing and retailing clothing for young women and girls, has announced plans to shut down its stores in France and lay off its 138 employees.
The Paris Commercial Court did not accept any of the two takeover bids that had been submitted for a possible takeover. The subsidiary, which has 64 sales outlets (39 branches and 25 affiliates), had been placed in compulsory liquidation with continuing operations until November 2023, in the hope of finding a buyer. By 2022, sales had reached €20.2 million, around half the pre-crisis level, with an operating loss of €2.1 million.
Eurofound (2024), Tally Weijl France Retail, Bankruptcy in France, factsheet number 200871, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200871.
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