Marionnaud to cut French workforce by almost a fifth

Published: 16-Jun-2009

French perfumery retailer Marionnaud has announced it will cut around 700 jobs in France in a bid to reduce overhead costs.


French perfumery retailer Marionnaud has announced it will cut around 700 jobs in France in a bid to reduce overhead costs.

The move will affect approximately 17% of its workforce in France but is not thought to involve the closure of any of the chain’s 562 perfumery stores in the country.

The AS Watson-owned retailer said that 659 retail positions and 45 head office jobs will be axed and follows a turbulent few years for the chain. It has suffered losses of €25m over the last three years, although there was a slight improvement in sales in 2008 according to the company.

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