MarcoPR
Digital-Forum Gold Master
"The owner of France’s chain of 26 Virgin Megastores is planning to declare itself insolvent next week after cancelling the lease on its flagship Champs-Elysées site, one of the biggest retail operations on the famous Paris shopping street.
Like other chains, such as the UK’s HMV and France’s Fnac, it is struggling to afford the rents in its shops and has also suffered a recent steep decline in book sales.
Virgin Megastore France said it would hold a works council meeting on Monday to declare its insolvency officially and discuss last-ditch measures to avoid closure. The process involves filing to suspend payments, the first step towards a court-ordered company restructuring in France.
But the decision in December to end the lease on the Champs-Elysées site, which contributes 20 per cent of sales, was a sign of its difficulties."
Spero che questo pezzo di storia resista. Come pensare Parigi senza Virgin sugli Champs-Elysées, alla Defense, alla gare St. Lazare, sul grand boulevard? Per farne un altro negozio di vendita di auto di lusso....
Like other chains, such as the UK’s HMV and France’s Fnac, it is struggling to afford the rents in its shops and has also suffered a recent steep decline in book sales.
Virgin Megastore France said it would hold a works council meeting on Monday to declare its insolvency officially and discuss last-ditch measures to avoid closure. The process involves filing to suspend payments, the first step towards a court-ordered company restructuring in France.
But the decision in December to end the lease on the Champs-Elysées site, which contributes 20 per cent of sales, was a sign of its difficulties."
Spero che questo pezzo di storia resista. Come pensare Parigi senza Virgin sugli Champs-Elysées, alla Defense, alla gare St. Lazare, sul grand boulevard? Per farne un altro negozio di vendita di auto di lusso....