“I can confirm that Orsay is in the final stages of negotiations on the sale of its stores in the Czech Republic and Slovakia. If this fails, Orsay will go into insolvency here and close the stores, “he quoted Forbes one of his sources who wanted to remain anonymous.
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Orsay, which sells women’s fashion, has a total of 90 stores in the Czech Republic and Slovakia. In the Czech Republic, where the company employs 213 people, the company made a loss in 2020, when a coronavirus pandemic broke out and the stores had to be closed for several months. The loss exceeded 117 million crowns, said Forbes.
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The Orsay brand was founded in 1975. It is owned by the French Mulliez family, which also includes other well-known chains such as Decathlon and Pimkie.
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This is another fashion brand that has recently had problems on the Czech market. For example, the Pietro Filipi brand has already ended up in insolvency.
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