Between last-minute acquisitions, liquidations and liquidations that are shaking up the mid-range fashion sector in France, it happens that some garments end up being sold at shattered prices. This is the case of the Minelli brand, which was placed in receivership in September 2023, before finding three buyers on 8 January 2024: the Mes Demoiselles brand, as well as the investors DS Invest and Union Brothers. To succeed in this recovery, 73 stores will close permanently (of the 120 stores, 39 stores and 8 corners in shopping centers will remain) and 213 positions out of 600 will be eliminated. In the midst of this social decay, some shops had to sell off their shoes and leather accessories at the dawn of closure. But since everything did not have time to be sold, it is the destocker Noz who will take care of the rest. A good fashion plan that can be good for the budget?
The big Minelli shoe sales continue at Noz
In fact, Noz purchased nearly 191,000 Minelli items, including 170,000 pairs of shoes, he reports BFM Business. This French chain of liquidation stores founded in 1992 won the tender launched by the shoe brand’s debt collection agent on March 20, 2024. By this summer we should therefore find the latest Minelli collections in the 317 Noz stores, including shoes, leather goods, cleaning products and other accessories, at -60% of the initial store price. Business is business.
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Source: Madmoizelle
Mary Crossley is an author at “The Fashion Vibes”. She is a seasoned journalist who is dedicated to delivering the latest news to her readers. With a keen sense of what’s important, Mary covers a wide range of topics, from politics to lifestyle and everything in between.
