×
61
Fashion Jobs
H&M
Product Compliance Specialist Within Physical Properties
Permanent · Stockholm
H&M
Product Labelling Specialist, Global Product Compliance Department
Permanent · Stockholm
H&M
Business Controller to Assortment
Permanent · Stockholm
H&M
Product Compliance Coordinator For Cosmetic And Chemical External Branded Products
Permanent · Stockholm
H&M
Buying Student Placement Fall 2020
Permanent · Stockholm
H&M
Art Buyer | h&m Studios
Permanent · Stockholm
H&M
HR Specialist h&m - Health And Work Environment
Permanent · Eskilstuna
H&M
HR Generalist h&m
Permanent · Eskilstuna
HOLLISTER CO
Retail Manager (Manager in Training) - Hollister Emporia - Full Time
Permanent · MALMÖ
H&M
Integration Solution Lead
Permanent · STOCKHOLM
H&M
Customer Service Agent - Finnish
Permanent · Borås
H&M
External Brand Coordinator
Permanent · Stockholm
H&M
External Brand Expansion Coordinator
Permanent · Stockholm
H&M
Print Design Assistant - h&m Home
Permanent · Stockholm
H&M
Product Designer - h&m Home - 6 Months Fixed Term Contract With The Possibility of Prolongation - From February 2020
Fixed-term · Stockholm
H&M
Cafémedarbetare
Permanent · Stockholm
H&M
Facility Manager Sweden
Permanent · Stockholm
H&M
Creative Lead, h&m Marketing & Communication
Permanent · Stockholm
H&M
Area Controller Trainee to h&m in Stockholm
Internship · Stockholm
H&M
Fashion Print Design Assistant
Permanent · Stockholm
H&M
Fashion or Print Design Student Placement Summer 2020
Permanent · Stockholm
H&M
Junior Pattern Maker
Permanent · Stockholm

Michael Kors to cut two-thirds of staff at French HQ

By
Translated by
Robin Driver
Published
today May 3, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Luxury ready-to-wear brand Michael Kors intends to cut two-thirds of the staff at its French HQ. FashionNetwork.com has learnt that a redundancy plan first presented to the employees of the label's Parisian office in January was approved by Direccte (the regional authority for enterprise, competition, consumption, work and employment) on Thursday, May 2. The plan affects some 20 employees of the company's French subsidiary, who will discover exactly which positions are being cut in the next few weeks, with some roles possibly being relocated to London.  
 

Michael Kors - Fall-Winter2019 - Womenswear - New York - © PixelFormula


In order to justify the redundancy plan, Michael Kors has highlighted the brand's declining results in France. Indeed, in the first three quarters of fiscal 2019, the company's operations in the EMEA region saw an 8.8% decrease across both wholesale and retail sales. 

The brand's French HQ currently employs around 30 people, who are responsable for sales and press operations in France and Benelux, as well as merchandising and franchises in the EMEA region. Sources close to the matter explained to FashionNetwork.com that Michael Kors is looking to change its organizational structure in Europe, refocusing its operations around two main offices in London and Milan. In the Italian fashion capital, a brand new showroom is set to become the home of the brand's commercial and customer service teams, while Paris, Madrid and Munich will host smaller offices with reduced roles. In Munich, between five and ten employees have already been made redundant in the office's press and strategy departments this Spring. 

Among the 20 employees affected by the redundancy plan in Paris, a dozen could be relocated to London. The remaining six to eight people will be moved to a showroom and offices set up near the Michael Kors boutique on Paris' Rue Saint-Honoré, according to information obtained by FashionNetwork.com.

The brand itself is yet to reply to a request for comment. 

Michael Kors is owned by Capri Holdings, accounting for 80% of its revenues, which totaled $3.89 billion in the first three quarters of fiscal 2019. Currently operating through 870 stores and concessions worldwide, the American brand saw its sales decrease 3.6% to $1.276 billion in the third quarter. Over a period of nine months, Michael Kors' sales remained more or less stable, registering a 0.5% increase. 
 
Owned by John D. Idol, Capri Holdings purchased Jimmy Choo in 2017 and finalized its acquisition of Versace in January of this year. In 2020, the company, which is now planning to purchase British footwear brand Kurt Geiger, expects to achieve revenues of $6.1 billion, of which $4.55 billion will come from Michael Kors. 
 

Copyright © 2019 FashionNetwork.com All rights reserved.