C&A Europe to close subsidiary Canda International

In recent years, the decline of formal wear and the rise of casual fashion has affected the business prospects of Canda International, strongly accelerated by the COVID-19 pandemic. This has resulted in a loss of revenue and the proposed plan to close all operations, which would potentially affect 113 employees, the company said in a media release.

“A proposed closure is never easy to consider. We are committed to working closely with our social partners, moving through this process together, in line with legal requirements and with the utmost respect for our potentially affected employees,” said Giny Boer, CEO of C&A Europe.

Even though this development would mark a significant change due to Canda International’s long tradition within the company, C&A will further expand its position as an omnichannel retailer and will drive forward the development. In 2021, its online sales grew by 54 per cent compared to the year before.

“The changes in the retail market environment reinforce the need for transformation,” stated Boer. “However, while improving the online performance, we still believe in the significance of meeting our customers on the High Street.” The retailer recently updated almost 400 stores and more store updates are planned for later this year.

Fibre2Fashion News Desk (KD)