The ready-to-wear brand specializing in jeans Kaporal, which employs 534 people and has 113 stores in France, announced Tuesday that it was filing for bankruptcy to face “unprecedented economic difficulties.”
“For many years, the company has faced unpredictable and unstoppable external elements”, the Marseille brand writes in a press release, citing the consequences of the “yellow vest” demonstrations, the Covid-19 pandemic, ” successive attacks”, and the “inflationary shock”, in particular due to the war in Ukraine.
The group’s employees were informed on Monday that the company was going to “request the opening of judicial administration proceedings on its behalf before the commercial court of Marseille.”
No new investors have been found to date
Created in 2004 by a Marseillaise family already specializing in jeans, the Kaporal brand now has 113 stores in France and reached €99 million in turnover in 2022.
The ready-to-wear sector in France has been shaken for several months by a violent crisis, which resulted in particular in the liquidation of Camaïeu in September 2022 and the suspension of payments of Go Sport, Gap France and Kookaï at the beginning of the year 2023. On February 20, the San Marina shoe store was placed in forced liquidation, taking 650 employees with it.
Source: BFM TV
