Jott joins the list of those affected by the French ready-to-wear crisis. The Marseille-based fashion company Just over the top has been placed in redressement judiciaire (French procedure equivalent to insolvency proceedings) after being declared bankrupt. The Marseille court of economic activities has opened the procedure and set a six-month provisional observation period.
The court has convened an intermediate hearing for February 5th, at which it will assess whether the company has sufficient financial capacity to sustain its activity and will decide whether the observation phase will be maintained or whether the process will lead to judicial liquidation.
The decision has had an impact on the local ecosystem….