The employees: Inside the French Womenswear brand NAF NAF, on Wednesday, their management will apply for the opening of an insolvency proceedings “with regard to a continuation plan”, as can be seen from a document of the works council viewed by the AFP.
The horror scenario
“The horror scenario we feared repeats itself, less than a year after the takeover by the Turkish Migiboy group” in the course of a previous insolvency proceedings, the CFDT said in a press release. In June 2024, the Turkish investor undertook to save 90 percent of jobs and to receive around a hundred of his own business.
AFP contacted the management of NAF NAF, but did not receive an answer directly.
The employees: Inside the company learned the news at an extraordinary works council meeting on Wednesday morning. In its current statement, the works council shows “deeply shocked by the application for the opening of insolvency proceedings that takes place less than a year after the takeover”.
The works council denounces a “lying disguise of the company’s actual situation” in recent months by the management. “Once again, the employees are: Inside in a situation of extreme uncertainty and see their work at threatened,” complains the CFDT, according to which NAF NAF employs around 700 people.
These new difficulties for NAF NAF fall into a particularly difficult context for textile companies in France that have been affected by a violent crisis for several years.
Camaïeu, Kookaï, Gap France, André, San Marina, Minelli, Pimkie, Comptoir of the Cotonnier, Princesse Tam, Ikks, Kaporal: Many brands fell victim to this crisis.
This article was used with digital tools translated.
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