Particle.news

Download on the App Store

Office Depot to Close Nine Stores and Lay Off 116 Employees Starting April 11

Facing €29 million in debt, the retailer awaits a critical court decision on its restructuring plan set for April 16.

Overview

  • Office Depot has announced the closure of nine out of its 36 stores, with closures beginning on April 11, 2025.
  • The restructuring plan includes laying off 116 employees on permanent contracts as the company grapples with severe financial challenges.
  • The company is burdened with €29 million in debt, primarily owed to suppliers, as it struggles to stabilize operations.
  • The Bobigny commercial court will determine the future of Office Depot on April 16, following the submission of the restructuring plan on April 1.
  • Store closures will affect six locations in Île-de-France and three in other regions, including Angers, Saint-Nazaire, and Reims, with significant regional economic impacts expected.

Loading Articles...

Loading Quotes...