Vivarte announces massive layoffs

Struggling French retailer Vivarte has announced a round of massive layoffs at various chains. The cuts will include 1,344 jobs at La Halle, 105 at Andre, and 32 at Kookai. Out of the 608 stores they own, 197 stores will shutter their doors, including 23 that were transferred to other banners of the group. Footwear brand Andre is laying off ten percent of their staff, while Kookai's layoffs will mostly be in support functions.