The iconic Fnac store located on the prestigious Champs-Élysées avenue in Paris, “heavily deficit-ridden”, will close its doors at the end of the year without any impact on employment, according to Fnac Darty group’s statement. The prestigious store, opened in 1997 and located on the most beautiful avenue in the world, will close its doors at the end of 2024.
“The decision to close the store at the end of this year 2024 is the only economically reasonable and socially responsible decision,” the group assured in a statement, emphasizing that this sales point has been “heavily deficit-ridden for many years”.
“The job retention” is “100% guaranteed,” the French group specified.
The 101 employees of the store will be offered “an offer of a position identical to the one held, under the same salary conditions, within another Fnac store in Paris (Ternes, Saint-Lazare, Forum des Halles, Montparnasse, Beaugrenelle).”
According to Fnac Darty, the store located at 74 Champs-Élysées avenue has faced “multiple difficulties,” including the “generalized increase in fixed costs”, starting with the rent, and a decrease in sales “due to a decrease in the natural clientele frequenting the area of the store”.
