according to cosmetic news. Hope it this wil change soon. YSL is one of my favorite houses.
YSL Beauté to sell French site and axe 163 jobs
PPR-owned YSL Beauté yesterday announced significant restructuring measures it is taking to remain competitive in the current sluggish market. The division has received an offer from an undisclosed industry player for its Bernay, France production site. YSL Beauté employs 338 people in Bernay, 224 of whom will be retained by the acquiring company, 69 will be redirected to YSL Beauté's other French production site in Lassigny and 45 positions will be terminated. In addition, 118 other jobs will be cut in Neuilly-sur-Seine headquarters outside Paris.
It is a difficult yet necessary decision in order to assure the future of our company and provide us with the means to reinforce our reactivity so as we can rival the markets biggest players, YSL Beauté president Chantal Roos said in a statement.
YSL Beauté's recent relative weakness has sparked several rumors that it would be sold off by PPR.
YSL Beauté to sell French site and axe 163 jobs
PPR-owned YSL Beauté yesterday announced significant restructuring measures it is taking to remain competitive in the current sluggish market. The division has received an offer from an undisclosed industry player for its Bernay, France production site. YSL Beauté employs 338 people in Bernay, 224 of whom will be retained by the acquiring company, 69 will be redirected to YSL Beauté's other French production site in Lassigny and 45 positions will be terminated. In addition, 118 other jobs will be cut in Neuilly-sur-Seine headquarters outside Paris.
It is a difficult yet necessary decision in order to assure the future of our company and provide us with the means to reinforce our reactivity so as we can rival the markets biggest players, YSL Beauté president Chantal Roos said in a statement.
YSL Beauté's recent relative weakness has sparked several rumors that it would be sold off by PPR.










