Naf Naf, the ready-to-wear women’s brand, which has an outlet in Fontvieille’s Commercial Centre, has filed for placement in receivership, FranceTVInfos reported on Thursday, August 31.
The chain faces rent payment arrears accumulated during the pandemic lockdown, a spokesperson told the AFP news agency.
Launched in 1973, the brand has 131 outlets in France and 600 employees. The sector has been badly hit in recent months, with Camaïeu, Kookaï, Burton of London, Gap France, André, San Marina, Kaporal, Don’t Call Me Jennyfer, Du Pareil au Meilleur and Sergent Major all suffering.
Apart from legacy debts from the pandemic, ready-to-wear boutiques have been hit by the cost of living crisis, rising costs of energy, raw materials, rents and wages.
FILE PHOTO: A Naf Naf storefront Facebook