EMCC European Monitoring Centre on Change

La Samaritaine

Company/Organisation:
La Samaritaine

Geographic Location

Country: France
Region: Paris; île de France
Location of affected unit(s): Paris (rue de Rivoli)

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47 - Retail trade, except of motor vehicles and motorcycles
Number Employed: 25
Group: Louis Vuitton Moët Hennessy (LVMH)

Employment Effects

Announcement Date: 09-06-2006
Type of Restructuring: Business expansion
Foreseen End Date: 23-09-2011
Planned Job Creation: 1400

Additional Information

The CEO of store 'La Samaritaine', a Parisian department store with iconic status, has announced the opening of a 'new' store in Paris (in Rue de Rivoli), by autumn 2011. The decision was made by the Louis Vuitton - Moët Hennessy (LVMH) group and the owner of the department store ('La Samaritaine') since 2001, and has taken both employees and unions by 'surprise'. Since 2005, the store was demolished (because of the risks of asbestos) and the building (82,000 square meters) is in construction until 2011. By the end of 2011, 1,400 new jobs will be created.