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Marionnaud Finalizes Reorganization

Fragrance retailer to slash nearly 600 jobs.

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By: TOM BRANNA

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Marionnaud Group announced Tuesday that it has finalized its reorganization plan for France, which includes 540 redundancies in its perfumeries and 42 in its headquarters. During the next month, employees at the A.F. Watson Group-owned perfumery chain can opt for voluntary departure. The first layoffs are expected to be announced by mid-November. “With no store closures, the company will redress its financial performance by reorganizing its structure based on its strongest points of sale, ...

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