France’s largest book club, France Loisirs, with retail shops as well, announced earlier this week that its year in bankruptcy reorganization is over. In late December, the Paris Commercial Court approved a two-part recovery plan, sources told Agence France-Presse. The first phase, implemented in 2018, preserved 437 jobs (out of a workforce of about 1800 people), closed 35 stores, and moved the corporate headquarters from Paris to Gentilly. The second part of the plan will reportedly refocus the business on books. (In 2013, the company had expanded into cosmetics sales.) The club says it still has over 1 million members. […]
