Overview

• The Tribunal des activités économiques de Paris issued the redressement judiciaire for IKKS’s French operations.
• More than 1,000 positions in France are at risk across the group.
• The company’s 2024 lifeline included creditor debt waivers and fresh capital from investors, reported at roughly €30 million.
• Management previously pursued a job-protection plan that initially targeted 202 roles and 77 stores, with 140 jobs ultimately eliminated after reclassifications.
• IKKS attributes its difficulties to Covid fallout, exposure to Ukraine, persistent inflation, rising operating costs, and competition from second-hand and ultra-fast fashion such as Shein.