Sep 1, 2013
Alain Manoukian to be wound up, 170 jobs lost
Sep 1, 2013
PARIS, France - Ready-to-wear clothing brand Alain Manoukian, owned by French-American BCBG Max Azria, will be wound up next year and up to 170 people could lose their jobs in France, a union official said on Friday. Arnaud Pichot, a local union official, said that the brand would be closed down by next summer and that about 170 people in France risked being laid off. "All employees have received a letter to inform of their marital status to determine the order of layoffs," he said.
In 2011, Pichot's union alerted local authoritiesm, alleging mismanagement of the brand, saying that the company could close.
"Manoukian doesn't work anymore. The collection has been bad for two years and the brand is losing money," Pichot said.
A spokeswoman for the brand, however, told AFP that she was not aware of the discussions, saying that management was currently in the United States.
BCBG Max Azria bought Manoukian in 2005.
For the 2011-2012 fiscal year, BCBG Max Azria recorded an 18-percent drop in sales to 82 million euros ($109 million).
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