Internal restructuring
Location of affected unit(s)
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores

285 jobs
Number of planned job losses
Job loss
Announcement Date
3 March 2021
Employment effect (start)
15 May 2021
Foreseen end date
31 December 2021


The Fast retail group, which owns the clothing brands, 'Comptoir des Cotonniers' and 'Princesse Tam-Tam', has announced a reorganisation with the closure of 24 Comptoir des Cotonniers shops, which should lead to 217 job cuts.  The other brand 'Princesse Tam Tam' would also be impacted with 7 shop closures and 68 job cuts. In addition, 50 'corners', that is sales areas in department stores, will be closed, including all points of sale located in the Printemps and Galeries Lafayette department stores. 

The Comptoir des Cotonniers and Princesse Tam Tam brands have been experiencing difficulties for several years and despite the efforts already made, the situation has continued to worsen' says the management in its press release. 'Both are very strongly impacted by the crisis in the clothing market and have been strongly affected by the repeated social and societal upheavals of recent years'.



Eurofound (2021), Fast Retailing, Internal restructuring in France, factsheet number 103736, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103736.