×
2 099
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Location - 15Hours / 3 Days - Part-Time, Permanent
Permanent · Exeter
ESTÉE LAUDER
Clinique - Consultant - Sutton Coldfield, Beatties - 15 Hours - Part-Time, Permanent
Permanent · The Royal Town of Sutton Coldfield
ESTÉE LAUDER
Clinique - Consultant - Leicester, Boots - Fosse Park - 15 Hours - Part-Time, Permanent
Permanent · Leicester
YVES SAINT LAURENT UK LIMITED
Saint Laurent HR Manager UK, Ireland & Netherlands
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Hof Bluewater (35 Hours)
Permanent · Dartford
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols, Edinburgh
Permanent · Edinburgh
ESTÉE LAUDER
Origins - Online Trading Manager - Brand Site
Permanent · London
ESTÉE LAUDER
Multi Brand - Multi Brand Business Manager - House of Fraser, Rushden Lakes - 37.5 Hours - Full-Time - Permanent
Permanent · Rushden
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 36 Hours - Full Time - Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Leeds, Trinity - Boots - 26 Hours - Part-Time, Permanent
Permanent · Leeds
ESTÉE LAUDER
Clinique - Consultant - Halifax, Harveys - 15 Hours - Part-Time, Permanent
Permanent · Halifax
ESTÉE LAUDER
Aveda - Account Manager - House of Fraser-White City, London - 30 Hours - Full Time, Permanent
Permanent · London
FOREO
E-Key Account Manager
Permanent · London
FOREO
Marketing Manager
Permanent · London
VF INTERNATIONAL
Warehouse Trainer And Instructor
Permanent · COALVILLE
OUTSIDE THE BOX RECRUITMENT
Account Manager Kidswear
Permanent · LONDON
THE KOOPLES
Regional Manager London
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Digital Marketing And e Commerce Manager
Permanent · LONDON
ESTÉE LAUDER
Estee Lauder - Consumer Campaign Email Marketing Executive
Permanent · London
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
NEW BALANCE
Marketing Director, Emea
Permanent · Warrington
EASTPAK
Credit Controller - French Speaking - Eastpak
Permanent · CALVERTON
Advertisements
Published
Nov 21, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Bata France ceases payment

Published
Nov 21, 2014

Closing France to save the world. In a way this is the decision that has been made by management of the company, founded 120 years ago in what is now the Czech Republic, concerning its French subsidiary. 

On Friday, the footwear and fashion accessory manufacturer and retailer decided to suspend payment for its French subsidiary, opening the door to insolvency proceedings. A decision that was made after a very recent change in president at Bata France. Indeed, since the beginning of November, a former executive of the major retailer, François Le Ménahèze, is running the show and thus in charge of discussions with the receiver.


The situation is undoubtedly so alarming that Bata has decided to not wait it out. Indeed, according to the numbers communicated by Bata in French newspaper Les Echos, the French subsidiary accumulated 30 million euros in operating losses in the last four years with 9 million in 2013 alone. While revenue stands at 91 million euros. Bata thus told Les Echos: "The parent company has decided to stop expenses to not put the rest of the activity around the world in danger."
 
Bata has 5,000 stores in the world, with 136 in France. Over the past few years, the chain has closed several dozens of stores. Historically, it was part of the big three mass market chains present in city centres and shopping centres, along with André and Eram. These last two years have seen more qualitative shifts in terms of fashion and even, for André at least, in terms of range. As for Bata, it clearly didn't really do anything which has cost it its place today.

Indeed, according to our information, the chain will disappear from the French market. In any case, Bata itself does not seem to have foreseen the presentation of a plan.
 
There is no doubt, however, that the chain, whose stores are for the most part in good locations and notably heavily present in shopping centres, should take a bigger interest in distributors, French or foreign. And maybe even, for that matter, in shoes.

1 EUR = 0.795081 GBP
1 EUR = 1.24294 USD

Jean-Paul Leroy (avec AFP)
 

Copyright © 2021 FashionNetwork.com All rights reserved.