IKKS considers reduction in number of employees and store closures

Ready-to-wear group IKKS announced on Monday that it plans to reduce its workforce and close stores. “Complex Economic Reality”, according to a press release. The job protection plan (PSE), which was presented to the CSE on Monday, may concern 202 employees in France (out of 1,328) and provides for the closure of 77 stores and corners (out of 604).

“The combination of various external factors such as the global health crisis due to Covid-19, the consequences of the war in Ukraine where the group was firmly established, as well as persistent inflation have had a strong impact on the entire region”, justifying the company. This project “The aim is to rationalize the distribution network and optimize the company’s performance in a volatile economic context”Next explained IKKS which is committed “Maximize Reclassification”.

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Founded in 1987, the IKKS group brings together brands like I.Code, One Step and IKKS and offers clothing for women, men and children. The group is present in France and internationally with 700 points of sale and 1,700 employees worldwide, according to a press release. The ready-to-wear sector in France has been rocked by a violent crisis for more than a year. Camaiu, Naf Naf, Gap France, Andre, San Marina, Kaporal, Don’t Call Me Jennifer, Kukai, Minnelli, Burton of London, Pimki, Du Perel au Mailer and Sergeant Major…

These well-known brands from French city centers suffer from an explosive cocktail: epidemics, inflation, energy prices, raw materials, rents and salaries or even second-hand competition and “Fast Fashion”. Some are downsizing like IKKS, others have been placed into receivership, and still others have been liquidated.