EMCC European Monitoring Centre on Change

Agora Distribution

Company/Organisation:
Agora Distribution

Geographic Location

Country: France

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
46.42 - Wholesale of clothing and footwear
Number Employed: 1700
Group: Gifi

Employment Effects

Announcement Date: 26-06-2017
Planned Job Reductions min: 260
Planned Job Reductions max: 260
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 03-07-2017
Foreseen End Date: 30-09-2017
Direct Dismissals: 272

Additional Information

The commercial court of Bobigny has agreed the take over of Agora distribution, the owner of the clothes retailer network Tati, by the group Gifi. The new owner will keep 109 of the 140 shops in France and 1,428 employees out of a total workforce of 1,700 employees. The take over will lead to the dismissal of 272 employees. Agora distribution was owned by the group Eram that decided to sell it after a loss of €148.5 million after a turnover of €346.7 million in 2016. The unions CFTC, CFDT and Unsa were in favour of Gifis' proposal as it maintain the most job positions. In the framework of a social plan signed on 16 June, each dismissed employee will receive, on average, an allowance of €10,000 depending on their seniority, in addition to the legal amount  of dismissal allowance.