EMCC European Monitoring Centre on Change

Tati

Company/Organisation:
Tati

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: 1428
Group: Gifi - Groupe Philippe Ginestet

Employment Effects

Announcement Date: 16-07-2019
Planned Job Reductions min: 189
Planned Job Reductions max: 189
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-09-2019
Foreseen End Date: 31-12-2020

Additional Information

The Gifi group's has announced a reorganisation of its subsidiary Tati, acquired in 2017 from the Eram group, which will result in 189 job cuts. A social plan will be launched with reemployment measures. Thirteen Tati stores will close in 2019 and about 30 others will become Gifi stores. Other stores will be taken over by Gifis' managers under a new brand. In 2020, there will only be one Tati store left in France, the one in Barbès, in Paris. Tati's losses were too high in 2018 (€28 million), according to management.

The 'yellow vest' crisis is pointed out to explain, in part, the failure of Tati's relaunch. But the trade in low-cost textiles remains a difficult market in France with increased competition. A former reogarnisation was recorded in 2004 with 297 job cuts on a total workforce of 997 employees. The group Gifi employs 9,500 people in France.

Sources: