Type
Business expansion
Country
France
Region
île de France; Paris;
Location of affected unit(s)
Paris (rue de Rivoli)
Sector
Wholesale / Retail
Retail trade
Retail trade
47 - Retail trade

1,400 jobs
Number of planned job creations
Job creation
Announcement Date
9 June 2006
Employment effect (start)
Foreseen end date
23 September 2011

Description

The CEO of store 'La Samaritaine', a Parisian department store with iconic status, has announced the opening of a 'new' store in Paris (in Rue de Rivoli), by autumn 2011. The decision was made by the Louis Vuitton - Moët Hennessy (LVMH) group and the owner of the department store ('La Samaritaine') since 2001, and has taken both employees and unions by 'surprise'. Since 2005, the store was demolished (because of the risks of asbestos) and the building (82,000 square meters) is in construction until 2011. By the end of 2011, 1,400 new jobs will be created.


Sources

  • 12 June 2006: La Tribune

Citation

Eurofound (2006), La Samaritaine, Business expansion in France, factsheet number 63617, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63617.