Local clothing manufacturer Saint-Hilaire liquidated

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The Bruno Saint-Hilaire business based in Toulouse has been in receivership since this summer.  Unfortunately, the brand based in Balma has not found a buyer, and the commercial court of Toulouse pronounced its liquidation this week.

It’s sad news for employment in the Toulouse region.  After a decline in sales and an estimated debt of 5 million euros, the company has not found a buyer, and 95 jobs will go, and 40 shops will now have to close.  Founded in 1973, the company specialised in high-end clothes.  In 2008, the ready-to-wear specialist inaugurated its first factory store near its headquarters.

Source: France 3