Children's Clothing Brands Survive Financial Crisis with Court-Approved Plan
Du Pareil Au Même, Sergent Major, and Natalys secure partial recovery following severe financial challenges.
- A continuation plan has been approved by the court, allowing the brands to continue operations amid financial distress.
- The companies, part of Générale pour l’Enfant, faced hardships due to COVID-19, energy crises, and inflation.
- The pandemic led to a €100 million drop in revenue and the closure of 250 stores, predominantly in France.
- The crisis resulted in the loss of 400 to 500 jobs since the start of the pandemic, impacting the workforce significantly.
- The broader French prêt-à-porter sector has seen multiple liquidations, highlighting the industry's ongoing struggles.