Luxury Tycoons Were Forced To Stop Selling La Redoute By Unions.

French luxury giant KeringSA (KER.PA) Kai Yun group In December 2013, it was decided to sell LaRedoute, a mail order clothing retailer, to chief executive EricCourteille of LaRedoute's direct parent company Redcats and chief executive officer NathalieBalla of LaRedoute, with a symbolic 1 euros.

However, because of LaRedoute's three trade unions CGT, CFDT and Sud on Friday, they said they all voted against LaRedoute. Recombination In terms of planned layoffs and severance payments, KeringSA (KER.PA) Kai Yun group hopes to get rid of the loss of tens of millions of euros this year and concentrate on the wishful thinking of the luxury goods business which has slowed down.

　　 LaRedoute The restructuring plan involves the reduction of 1178 posts. KeringSA (KER.PA) opened the cloud group to pay 20 thousand euros compensation for each voluntary employee. This has already improved compared with the previous 15 thousand euros, and according to the actual situation of the individual, give a 700-1200 Euro transitional subsidy. However, the union demands a compensation of 40 thousand euros per person, and pays 1500 euros per person per three years before the employee finds a new job.

KeringSA (KER.PA) Kai Yun group said that they have done all their responsibilities as shareholders, including 200 million euros invested in the social assistance measures in the restructuring plan. The group has so far spent 520 million euros on the restructuring of LaRedoute.

LaRedoute is the last business of KeringSA (KER.PA), the group of retail group Redcats of Kai Yun group. After selling the retailer, KeringSA (KER.PA) will open its Printemps in 2006. printemps The beginning of the retail business spin off process, to complete the transformation of luxury goods and lifestyle groups.