The network-ready to wear partially wound Mim

The black series continues for ready-to-wear brands. On Tuesday, the commercial court of Bobigny (Seine-Saint-Denis) gave partial liquidation of Mim Group, a network of 233 clothing stores for women. Eight hundred employees are expected to lose their jobs from a total of 1 100. Placed in receivership since November 2016, now sees only 69 shops and 279 jobs taken up by the Swiss brand clothing Tally Weijl, associated french distributor of ready-to-wear Etam, who was a candidate on two stores.

The French textile crisis

The collapse of Mim is a new episode of the violent crisis in the French textile. Last month, Tati, the results are negative, was officially put on sale by its owner, while the Hall of clothing, owned by Vivarte, closed 250 stores and eliminated 1,600 jobs between 2015 and 2016.

Created in 1976 in the Sentier district (Paris II e) dedicated to making clothing, Mim has experienced rapid success in the niche of women’s fashion at low prices before the British group New Look Acquires its founders. In 2014, the brand still carries 180 million euros of turnover, but profitability is eroded and its British owner, willing to go public, then resells the Hand Asia, a Hong Kong-based group.

Mim then changes its multi-source procurement strategy by a contract with a single supplier, AGP, which then gives it 70% of its collection. “A higher prices than in the past,” said Mickaël Gharbi Unisa union representative. Chance or coincidence, sales start to decline while the losses increase. They have reached 9 million in 2015 to 150 million turnovers. In November 2016, Mim is placed in receivership. Liabilities reached, at that date, 60 million.

Three offerings times are then deposited. One comes from the Clémenty company created by experts in the takeover of firms in difficulty. She offers to take 90% of employees but does not provide a euro hard cash while the commercial court expects 3 million in cash. It is probably this lack of financial strength that led the judges to prefer the project consortium Swiss Tally Weijl associated with Etam. Meanwhile, liabilities increased again and now reached 97 million.

The shareholder HK unreachable

In this case, a gray area is beginning to attract more and more questions. The absence of the current shareholder Mim, the Hong Kong Main Asia Society. The representative in France of the holding Alexandre Chon Chiang is unreachable and judicial administrators who Mim file would have the greatest difficulty in locating it. “I’ve never been able to bring to meetings of representative bodies when he was the director of a title,” recalls Audrey Viau, the secretary of the works council. Liberation attempted to contact the CEO of Mim Bernhard Ruf who declined to make any comment on the business situation and the absence of its shareholder.

Without sufficient cash, the financing of the conversion of 800 employees Mim is tricky and allowances are likely to be supported by wage guarantee insurance (AGS). “We do not exclude initiate an action in the criminal justice for some clarification,” said Audrey Viau.

Resource Guide

In the Resource Guide, we are compiling the stories of communities—some local, and some from other parts of the country—that have come up with creative ways of increasing their prosperity while sustaining their quality of life and protecting their heritage. We aren’t suggesting that any one approach is the right one for this region, but we hope that these case studies will serve as a source of ideas and inspiration as our region charts its own course

In our conversations with residents across the region, certain topics keep coming up.  We have organized the Resource Guide around these topics (see the links at right).  Just click on a topic to learn more.

Research for the Resource Guide was conducted by students at Duke University’s Nicholas School of the Environment.

Local Treasures

Starting in Fall 2010, residents of our region are identifying the good things in their communities and putting them on the map. This process, called asset mapping, is a way of recognizing and celebrating our local cultural, natural, and business assets. It is also an essential first step in developing a strategy that will sustain and enhance those assets for future generations.

Introduction to Social Media for Festivals and Events

Slideshow covers Characteristics of Social Media… statistics, How to Listen – setting up alerts, Intro to Facebook, and Intro to Twitter – Twelve Tips. Click here to view slideshow.

The Culinary Trust is Offering Grants for Chefs Move to Schools Projects
Posted on October 13, 2011 by Susan
There are now 2,700 citizen chefs signed on to be part of First Lady Michelle Obama’s Chefs Move to Schools initiative, working in 2,500 schools across the US, according to Senior Policy Advisor for Healthy Food Initiatives Sam Kass. If … Continue reading →

Minneapolis’s Midtown Greenway Connects People to Their City — By Bike
Posted on October 13, 2011 by Susan
Our buddies over at the always excellent Streetfilms have posted a new video about the incredible bike trail network in Minneapolis (100 miles of off-street paths!), focusing on the Midtown Greenway. This 5.7 mile path, which has been developed in … Continue reading →

Map murals can drive tourism
Posted on October 11, 2011 by Susan
Last week, I found myself in downtown Concrete, Washington, facing this huge map mural at the end of the street. I love the way the design works around the doorway. I even love the tag line, “Welcome to Concrete, center … Continue reading →

The Architecture of Disaster Recovery: A Call to Arms for Designers from the World’s Most Vulnerable Regions
Posted on October 11, 2011 by Susan
Two hundred million people have been affected by natural disasters and hazards in the last decade. For every person who dies, some 3,000 are left facing terrible risks. Ninety-eight percent of these victims live in the developing world, where billions

About

Starting in 2010, partners from across the central coast began talking about ways to increase the region’s economic prosperity by building upon, rather than sacrificing, our cherished cultural and natural heritage: an asset-based economic development strategy. The purpose of this website is to record and contribute to that conversation.

The project is coordinated by Karen Amspacher at the Core Sound Waterfowl Museum and Heritage Center. Project activities Down East are coordinated by cultural anthropologist and Gloucester resident Barbara Garrity-Blake. Project activities on Hatteras Island are coordinated by Susan West, coordinator of Hatteras Connection, a community-based sustainable economic development project committed to working to ensure a future for new generations of watermen on Hatteras Island. Project activities on Ocracoke are coordinated by Robin Payne, executive director of the Ocracoke Foundation.

Research and web support for the project is provided by researchers at the Duke University’s Nicholas School of the Environment, under the direction of Lisa Campbell. During 2010-2011, the Duke team included Gabriel Cumming, who coordinated the Resource Guide and website; Carla Norwood, who provided asset mapping support; Joshua Stoll, research fellow; and graduate students including Drew Bush, Nicole Carlozo, Alex Chen, Luke Fairbanks, and Courtney Pickett.

Funding support generously provided by:

The North Carolina Rural Economic Development Center

Z. Smith Reynolds Foundation

Support for resource guide research provided by:

Community Forestry and Environmental Research Partnerships

“Given the long-term nature of community development, and the fact that measurable results from a particular project may be decades in the making, leaders in small towns must repeatedly make the case for the importance of their efforts. Making the case is important to maintain momentum, invigorate volunteers and donors, convince skeptics and, most importantly, keep the focus on the vision or the goals established in a community’s strategic plan.” (From “Small Town BIG IDEAS – Case Studies in Small Town Community Economic Development” – UNC School of Government and NC Rural Center)