Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The industrial group Sy Corporate France has taken over the Naf-Naf clothing brand and 944 employees out of a total workforce of 1,070 (that is 75% of jobs are preserved). Naf-Naf was placed in receivership in mid-May. The Sy Corporate group is an industrial group specialising in textiles and owns factories in Turkey and the Maghreb. Its offer ensures the maintenance of 944 jobs, 125 stores and all 75 affiliated shops, out of a total of 221 outlets.
Naf-Naf is a women's ready-to-wear brand founded in 1973 in Paris. In 2006, the company was sold to the Vivarte group. In 2018, Vivarte sold it to a Chinese consortium Shanghai La Chapelle Fashion.
Eurofound (2020), Naf Naf, Merger/Acquisition in France, factsheet number 101078, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101078.