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Naf Naf taken over by a Turkish company, nearly 90% of jobs saved

Naf Naf, which was heavily in debt, has just been taken over by a Turkish company, which has undertaken to safeguard 90% of jobs and keep around a hundred of its own stores (AdobeStock).
Naf Naf, which was heavily in debt, has just been taken over by a Turkish company, which has undertaken to safeguard 90% of jobs and keep around a hundred of its own stores (AdobeStock).
By AFP
June 18, 2024 | 3:04 P.M.

Translated from French.

It's a rare piece of unexpected news in the ready-to-wear sector, which has been going through a serious crisis in France for over a year: Naf Naf, heavily in debt, has just been taken over by a Turkish company, which has undertaken to safeguard almost 90% of jobs and keep around a hundred directly-operated stores. "The CFDT will remain vigilant to ensure that the buyer respects its commitments and that the Naf Naf brand, to which both employees and customers are attached, is preserved," the union told AFP on Tuesday.

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