Three takeover offers are on the table to acquire all or part of Naf Naf, a famous women’s ready-to-wear brand in receivership since last September, management told AFP on Thursday, deeming this “encouraging”. Management explained that two of the offers presented were “very partial” but that a third offer was global, “with a real desire to take over the company”, she reassured.
This better offer comes from Migiboy Tekstil, a Turkish fabric manufacturing company, according to a source close to the matter at AFP. This company employs around 750 people, we can read on its site. The three offers, presented to the social and economic committee (CSE), should soon be filed with the registry, according to a source close to the matter.
Also readAndré, Minelli, Naf Naf, Kookaï… the sad end of the French clothing stars of the 1990s and 2000s
“To date, we have no details of the number of stores taken over, the number of employees taken over and the details of the project” to take over Migiboy Tekstil, the CFDT declared to AFP, specifying that the Turkish company had “ until May 23 to give all the details of its takeover project. The union specified that GD Distribution (Gérard Darel) intended to take over one store, and Chloé Distribution, two stores. A call for tenders was launched in April to take over Naf Naf or take a stake in its capital. It closed on May 13. These three offers will be studied at a hearing on May 28 and the judges are expected to make their decision a few days later.
Heavily in debt due in particular to unpaid rent during the Covid-19 pandemic, Naf Naf was placed in receivership in September 2023. Naf Naf employs 676 employees in France and has 111 branch stores and 59 affiliated stores, management told AFP in April. Launched in 1973 by two brothers, Gérard and Patrick Pariente, Naf Naf had already been placed in receivership in May 2020. The company was then taken over by the Franco-Turkish group SY International, which employs more than 1,000 people around the world. , and had already acquired the Sinéquanone brand in 2019.
