140 jobs at risk (Il Sole 24 Ore Radiocor) - Paris, 13 Jun - The French fashion retailer IKKS has convinced its creditors to waive their claims and investors to inject funds, the chairman of the group Ludovic Manzon told the news agency AFP.

"Following a cash injection into the capital and the waiver of debts, we will be able to focus on the essentials, namely the brand and the product," he said.

Manzon did not release details about the deal but according to AFP the retailer obtained 30 million euros in funds.

In February 2024, IKKS announced plans to cut jobs and close 77 points of sales out of 604. The group is present in France and abroad with the brands I.Code, One Step and IKKS.

Manzon pointed out that 140 jobs are at risk.

AAA-Web

(RADIOCOR) 13-06-24 19:13:47 (0651) 5 NNNN