Fashion Giant Fast Retailing Struggles: Two Brands Seek Legal Protection
Parijs, maandag, 23 juni 2025.
The Franco-Japanese fashion group Fast Retailing, known for Uniqlo, faces significant challenges. Princesse Tam Tam and Comptoir des Cotonniers have filed for judicial reorganisation on Friday. This confirms previously announced restructuring plans from 2023, where 55 of 136 stores would be closed and 185 of 507 jobs cut. The step reveals the deep financial pressure on traditional fashion retailers struggling with changing consumer needs and a rapidly evolving retail landscape. The application marks a critical moment for these brands within the Fast Retailing Group.
Financial Background of Fast Retailing
The Franco-Japanese fashion group Fast Retailing is facing significant business challenges. On Friday, the brands Princesse Tam Tam and Comptoir des Cotonniers officially filed for judicial reorganisation [1]. The group had previously announced in 2023 its intention to reduce 36.489% of its workforce and close 40.441% of its stores to address financial difficulties [1][2].
Strategic Restructuring
The two brands, specialising in lingerie and women’s clothing respectively, belong to the Fast Retailing Group, with Uniqlo being its flagship brand [1]. The application for judicial reorganisation confirms the serious financial challenges currently faced by the group [2].
Broader Retail Context
The situation of Princesse Tam Tam and Comptoir des Cotonniers reflects broader challenges in the modern fashion industry [3]. Similar restructurings are seen in other fashion chains, such as River Island, which plans to close 33 of its 230 stores due to changing consumer needs and rising costs [4].