Le Printemps, the famous French chain of department stores, is also a victim of coronavirus. Four branches in France are closing, as are three branches of daughter chain Citadium.
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John Lewis will cut 1,500 jobs at his head office. The redundancies are part of a major savings plan to make the British department store chain profitable again.
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For the first time in 94 years, iconic department store chain Marks & Spencer reports a loss: profits in the past six months have been below zero. Yet there are also signs of recovery.
Coca-Cola wants to halve its brand portfolio. Some two hundred brands will go out, as sales continue to fall in all regions due to the corona pandemic. Nevertheless, it was a better-than-expected third quarter.
In order to adapt to a new COVID world and return to growth, Danone will restructure its organisation and divest some activities. The company sees vegetable dairy alternatives performing strongly.
Ralph Lauren cuts deeply in its costs and workforce: the American fashion label wants to save up to 200 million dollars by laying off 15% of its employees. That would cost some 3,700 people their jobs.
French hypermarket chain Auchan is laying off 1,475 employees as part of a major reorganisation: a change of strategy is now necessary as customers are buying more and more online and less and less in stores.
Belgian fashion brand Essentiel is halving its pool of sales partners: the network will be slimmed down to 69 multi-brand boutiques in Belgium and 550 points of sale abroad. The corona pandemic was a turning point - and a learning point.
Coca-Cola is cutting 4,000 jobs in the United States and Canada, while a similar exercise may be coming in many other countries as well.
Fashion Group FNG, which owns retail brands Brantano and Miss Etam amongst others, is protected against its creditors for three months. This was decided by court after examining the retailer’s reorganisation application for a week.
Morrisons announces a major restructuring in which 3,000 management jobs will disappear. At the same time, the British supermarket chain wants to create 7,000 new jobs "on the shop floor".
French baby store chain Orchestra-Prémaman is taking drastic measures in Belgium: it has announced 22 store closures, to come on top of the 12 already planned. As a result, the chain will keep only 19 stores and 200 jobs.
The new year brings a new start for German fashion manufacturer Gerry Weber, which has been struggling with financial problems for some time.
The approval of 1.6 million euros in European aid for Walloon workers Carrefour made redundant has come to a standstill: too few member states want to support the proposal.
Dutch supermarket chain Albert Heijn wants to simplify its organisation and cuts 150 managers' posts. They are redirected to other jobs in the company, that emphasises it does not want to lay off anyone.
Due to continuous problems with Matratzen Concord, Dutch bed selling chain Beter Bed is looking into a sale of its German branch.