The French department store group, owner also of La Redoute, Royal Quartz Paris, Louis Pion, Mauboussin and BazarChic, has hired Sandra Weber, a corporate finance expert formerly with Swiss retail group Rallye.
Having sold the Courir chain in early 2019, the French sport retailer is looking to sell its 33-store business in Poland, to generate fresh cash and enable the group to bounce back, especially in France.
After supporting the creation of Livy in 2017, the French group has buttressed its lingerie business by buying a stake in Ysé, an underwear label founded in 2012 by Clara Blocman and Bérengère Lehembre.
A report published on Wednesday by a parliamentary commission found that the violence linked to the ‘yellow vest’ movement has had a disastrous impact on entire sectors of France’s economy, costing billions of euros.
The German company has come up with a new mass-market self-care and beauty brand for the French and Scandinavian markets: N.A.E., or Naturale Antica Erboristeria, the fresh offshoot of an older Italian brand.