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GiFi Cuts 300 Jobs, Closes 11 Stores Amidst Restructuring
French retailer GiFi, financially restructured in January 2024, announced on April 3rd a plan to cut 5% of its 6,000-person workforce and close 11 stores, impacting 302 employees, due to competition and internal issues, despite a debt write-off of €470 million from banks.
GiFi Cuts 300 Jobs, Closes 11 Stores Amidst Restructuring
French retailer GiFi, financially restructured in January 2024, announced on April 3rd a plan to cut 5% of its 6,000-person workforce and close 11 stores, impacting 302 employees, due to competition and internal issues, despite a debt write-off of €470 million from banks.
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