All San Marina Stores Will Close Permanently on February 18th

San Marina stores are set to go into liquidation

ECONOMY: The administrators announced to union representatives on Tuesday the closure of all San Marina stores in France on Saturday evening, before a probable judicial liquidation

The employees will definitely have to draw the curtain this Saturday evening. At a meeting of the social and economic committee of San Marina on Tuesday, the administrators announced the closure of all stores in France on February 18th, learned from a union source. Contacted, the communication of San Marina refused to comment on the information. 

The shoe brand, which employs more than 600 employees in France, is in receivership and awaiting probable liquidation on Monday before the Marseille commercial court. The hope of a group takeover, which suffered in particular from the health crisis linked to Covid-19, was indeed moved away last week after its two shareholders abandoned their offer, for lack of sufficient financing.

A strike action

The CGT called this Tuesday for a strike against the refusal of their management to grant a bonus to employees like that obtained by the employees of Camaïeu at the time of the liquidation of the ready-to-wear brand. According to concordant sources, several stores in France followed this call. The other unions could join the movement in the coming days if the ongoing discussions do not succeed.

In September, the commercial court opened receivership proceedings, setting the 22nd of March 2023 as the end of the observation period.

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