The two brands had requested this placement due to “the continuation of the financial deterioration” of their accounts.
The French brands of the textile princess Tam Tam and Comptoir Des Cotonniers, both detainees of France’s rapid retail sale, were placed in judicial administration by the Court of Economic Activities of Paris, AFP learned from a source close to the file on Wednesday.
These brands, specialized in lingerie and women’s clothing, respectively, had made their demand due to “the continuation of the financial deterioration” of their accounts “, in a market context that has not improved,” said a source for the AFP at the end of June.
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Source: BFM TV
