EMCC European Monitoring Centre on Change

Kidiliz

Company/Organisation:
Kidiliz

Geographic Location

Country: France

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.71 - Retail sale of clothing in specialised stores
Number Employed: 1500
Group: Zhejiang Semir Garment Co

Employment Effects

Announcement Date: 23-11-2020
Planned Job Reductions min: 900
Planned Job Reductions max: 1000
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 25-11-2020
Foreseen End Date: 31-12-2020
Direct Dismissals: 900

Additional Information

The Commercial Court of Paris has ordered the liquidation of the children's fashion group Kidiliz and the partial takeover of its activities resulting in the redundancy 900 to 1,000 employees. The activity is being acquired by seven different buyers who will save 497 of its 2,600 jobs worldwide, including 356 positions in France, that is less than 30% out of the 1,250 permanent contracts in the country.

Already fragile before the Covid-19 crisis, Kidiliz was placed in receivership in September 2020. This court ruling follows the closure of Catimini and Z shops throughout France and the Saint-Chamond (160 employees, Loire) site. Kidiliz was hit hard by the administrative closure of its shops during the first lockdown, from mid-March to mid-May. The drop in activity is very significant: €260 million in sales expected in 2020, compared with €388 million in 2019.

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