Comptoir des Cotonniers and Princesse Tam Tam intensify their collaboration
But this strategy goes hand in hand with a program of store closures, for which the PSE is currently being negotiated with employee representatives. According to newspaper Le Monde, a third of the total number of stores is to be affected, i.e. 26 out of the 90 units operated by the two banners, and 65 jobs.
On July 10, the CFDT organized a rally in front of the Uniqlo Opéra store in Paris to protest against the provisions of the redundancy plan, with compensation packages "far inferior" to those obtained during the 2021 and 2023 PSEs.
"We refuse to be the collateral victims of a legal choice that allows management to make savings on the backs of its teams", wrote the union in a leaflet, calling for "a real reflection on the future of our brands, refocused on their identity, their history, their know-how, and built with the field. Not yet another meaningless standardization."
In an attempt to revive their business, the two labels chaired by Kunii San had announced in the spring of 2024 that they would lower their selling prices by around 30%, in order to reach a wider customer base, particularly the 25-35 age group. Their products have also found a place in some Uniqlo stores. A policy questioned by several fashion industry observers, as described by FashionNetwork.com.
The Japanese group, which still has the wind in its sails thanks to the Uniqlo locomotive (with sales up 10.7% in the first half of 2024/25), acquired Princesse Tam Tam and Comptoir des Cotonniers just twenty years ago.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
France 24
a day ago
- France 24
French car dealer charged over Takata air bag injury
A number of car models have been under a series of recall orders since 2014 in France over airbags produced by the Japanese company that are at risk of injuring or killing drivers when they deploy. At least 18 people in France are suspected to have been killed by faulty Takata airbags and in June the latest recall ordered 1.7 million vehicles off the road until replaced. A number of investigations were under way in France into suspicions of fraud and endangerment, but no charges had been publicly disclosed. However, a source told AFP an investigating magistrate in the French island of La Reunion in March charged a car dealership for failing to have warned a driver whose vehicle had been recalled and who was then subsequently injured. The dealership has denied responsibility, saying according to the source it did not have the contact information for clients of a separate dealership it had acquired. In France the filing of criminal charges does not mean the case will proceed to court. The car dealership's lawyer said he intends to show his client undertook reasonable efforts given that in 2020 the severity of the danger posed by the airbags wasn't known, and faulted the French state for not providing the contact information for the car owners. The Takata brand disappeared in 2018 following a bankruptcy in the wake of the airbag scandal, which has affected almost every major global automaker and led to millions of cars being recalled. © 2025 AFP
LeMonde
a day ago
- LeMonde
LVMH, caught in turmoil, says it will expand its production in the US
Bernard Arnault has pledged allegiance to Donald Trump – again. Amid an ongoing standoff between the US and Europe over the introduction of new tariffs, the founder and CEO of LVMH announced on Thursday, July 24, his intention to expand Louis Vuitton's production capacities across the Atlantic. The largest brand of the French luxury group is considering opening a second factory in Texas, a state where it already operates a leather goods workshop that was inaugurated in the presence of the US president in 2019 during his first term. This would bring the total number of Louis Vuitton factories in the country to four. "For our American customers, buying a Louis Vuitton product made in the US is absolutely no problem," Arnault argued in an interview with the French daily Le Figaro on Thursday, the same day the Wall Street Journal also published an interview with the French billionaire that, among other topics, focused on this project. The workshop will not open its doors until 2027. However, the announcement is sure to make waves on both sides of the Atlantic, as Washington recently secured major Japanese investments in the US on July 22, in exchange for a 15% tariff rate instead of the initially announced 25%.
LeMonde
3 days ago
- LeMonde
Why Japan is accepting a 15% tax rate with the US
After Indonesia, the Philippines and Vietnam, US President Donald Trump announced on Tuesday, July 22, on his Truth Social platform that he had reached a "massive [deal]" with Japan, which would be subject to a 15% customs tax – lower than the 25% rate he had initially floated. Tariffs will remain, however, at 50% for steel and aluminum. Trump said he had secured a commitment from Tokyo to invest $550 billion in the US, notably in a natural gas site in Alaska, which he claimed would "[create hundreds of thousands of jobs]." Trump also pointed to increased access to the Japanese market for US cars, rice and other agricultural goods. "We believe it is a major achievement to have obtained the largest reduction [in tariffs] among countries with a trade surplus with the United States," responded Japanese Prime Minister Shigeru Ishiba, in a measured statement. Asia's second-largest economy is a diplomatic ally of the US and a bulwark against Chinese dominance in the region. Japan managed to negotiate a 15% US tariff on car exports, compared to the 25% rate applied to the rest of the world. The sector is strategic for the archipelago, accounting for about 30% of its exports to the US and 8% of all jobs in the country. The stock prices of automakers Toyota and Honda closed up 14.3% and 11.1% respectively at the Tokyo Stock Exchange on July 23.
