Orsay announces in Germany all leases of his branches

After Esprit, Galeria Karstadt Kaufhof and sense, the next fashion giant in this country must go through a protective screening process: Orsay-CEO Sascha Bopp confirmed at the end of 2021 that the procedure was opened. Due to the impending insolvency in the first quarter of the next year, the Group was forced to this step. Shortly thereafter, the management then informed the employees in the branches and the headquarters of the step. In Germany, there is a total of 197 of the world's 708 branches worldwide in which about 1,200 employees work. Overall, about 40 percent of the sales of the fashion chain come from Deutsche GmbH. As Bopp in February against "Textilwirtschaft" - confirmed, you want to close at least 79 stores in Germany. As a result, up to 212 employees would lose their workplace.