×
216
Fashion Jobs
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager
Permanent · Pune
INDUSIND BANK LIMITED
Area Sales Manager - Home Loan @ Indusind Bank
Permanent · Kolkata
NAVIN FLUORINE INTERNATIONAL LIMITED
Opening For dy. Manager - hf Production at Nfil, Surat
Permanent · Surat
NATIONAL PLASTIC INDUSTRIES LTD
Opening For Area Sales Manager
Permanent · Mumbai
DAMYAA (P.J) FOODS PRIVATE LIMITED
Area Sales Manager - Jabalpur & Chhattisgarh
Permanent · Bhopal
M/S. D2C INSURANCE BROKING PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
MCUBE CONSULTANTS
Area Sales Manager/ Sales Officer
Permanent · Indore
XOTIK FRUJUS PVT. LTD.
Area Sales Manager (gt)-Mumbai
Permanent · Mumbai
EXPONENT JOBS
Production Manager (Non Veg - Sausage), Location- Angola (Africa)
Permanent · Angola
SQUARE YARDS CONSULTING PRIVATE LIMITED
Hiring - Area Sales Manager/Business Development Manager
Permanent · Pune
HARI DARSHAN SEVASHRAM (P) LTD
Area Sales Manager - Maharashtra
Permanent · Pune
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Executive/Area Sales Manager
Permanent · Surat
MEDLEY PHARMACEUTICALS LTD
District Sales Manager - Calicut
Permanent · Kozhikode
ROHIT EXTRACTIONS PRIVATE LIMITED
Area Sales Manager / Technical Sales Manager For (Aqua Feed) Gujarat
Permanent · Ahmedabad
FIBERNET SOLUTIONS OPC PVT LTD
Area Sales Manager
Permanent · Bhopal
DR LAL PATHLABS
Area Sales Manager- Cochin
Permanent · Kochi
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
ITZEL BATH INDIA PVT LTD
Production Manager
Permanent · Bahadurgarh
NCL INDUSTRIES LIMITED (NAGARJUNA CEMENT)
Area Sales Manager - Vellore (Cement Division)
Permanent · Vellore
ION EXCHANGE (I) LTD
Opening Area Sales Manager in Ion Exchange (i) Ltd- Vizag Location
Permanent · Visakhapatnam
SQUARE YARDS CONSULTING PRIVATE LIMITED
Business Development Executive /Manager /Area Sales Manager
Permanent · Pune
DR LAL PATHLABS
Area Sales Manager- Bangalore
Permanent · Bengaluru
Published
Oct 26, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lossmaking Sonia Rykiel undergoes radical restructuring, closes diffusion line

Published
Oct 26, 2016

French fashion house Sonia Rykiel is to close its secondary line and its childrenswear collection as it targets a returns to profits by 2019, the company said Wednesday.


Sonia Rykiel - Spring-Summer2017 - Womenswear - Paris - © PixelFormula


The closure of the Sonia by Sonia Rykiel line will see between a quarter and half of the 300-plus jobs at the house being cut.

It will also lower prices for its main Sonia Rykiel line with the company keen to retain accessible price points for the brand as a whole.

CEO Eric Langon said that sales rose 3% last year, the first increase since 2008. But despite this the company remains lossmaking having having suffered in the wake of lower spending in Europe due to terrorist attacks, a slowdown in Asian consumer spending and the weaker Russian economy. However, it has remained popular in the US.

The Sonia diffusion line has four standalone stores as well as four department store concessions. Most of these will close.

Hong Kong-based Fung Brands acquired control of the company in 2012 with the founding family retaining a 20% stake. Fung took complete control this year.

It is known that at least 79 of the 330 workers at the company will go with a wide number of departments being affected, including design, administration and distribution.

Some reports said that the house’s owners have given it an ultimatum to turn itself around or a total closure is a possibility. However, this could not be confirmed.

Sonia Rykiel was founded in 1968 with the label being a key influence on the look of the late 60s and 1970s. Sonia Rykiel herself died in August aged 86.

Copyright © 2021 FashionNetwork.com All rights reserved.