Buzz People

Jacques Vert administrators to close all concessions, leading to 840 job losses

The administrators of Calvetron Brands, owner of Jacques Vert and Precis, have announced all of the retailer’s concessions will now close, leading to the loss of around 840 jobs.
Administrators Duff & Phelps have failed to find a buyer for the business, which first fell into administration in May.
The closures and job losses follow the 102 concessions earmarked for closure in June, which impacted 445 employees.
There will be around 500 retail redundancies from the latest closures, plus around another 90 jobs in Calvetron’s global head office and distribution centre, as well as another 250 roles in Canada.
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