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3mo ago

Naf Naf Enters Third Judicial Reorganization, Risking Nearly 600 Jobs

The court granted a six-month window to draft a restructuring plan after finding the company unable to cover its 44 million-euro liability.

Déjà le 21 mai, l’enseigne avait demandé son placement en redressement judiciaire.
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En juin 2024, le repreneur turc Migiboy Tekstil s'était engagé à sauver 90 % des emplois et conserver une centaine de boutiques en propre.
A peine rachetée, Naf Naf vient d'être de nouveau placée en redressement judiciaire, pour la troisième fois de son histoire, une procédure inquiétant les quelque 600 employés en France

Overview

  • The company employs 588 people in France and recorded a 47 million-euro turnover in 2024 against 44 million euros of liabilities.
  • Turkish owner Migiboy Tekstil pledged last June to save 90 percent of jobs and operate around 100 stores when it acquired the brand.
  • This marks Naf Naf’s third court-supervised restructuring since 2020, following procedures in May 2020 and September 2023.
  • The CFDT union warned that even a successful plan may require significant store closures and further head office cuts.
  • A hearing is set for July 23 to assess whether the company has secured sufficient liquidity to avoid liquidation.