Companies: Cencosud closes Paris Peru from July 1

By Diario Financiero de Chile, Iberoamerican Network for Economic Journalism (RIPE)

A drastic reorganization will make Cencosud for its retail business in its operations in Chile and Peru given the effects that the coronavirus is generating in the business.

Through a statement, the company linked to Horst Paulmann indicated that in the case of Chile, the subsidiary Paris will absorb stores Johnson, so a new concept will be created “Paris Express”, Whose main focus will be the commercialization of the clothing, footwear and sports categories. This marks the end of the Johnson brand.

Without giving more details of how the store merger will be, he indicated that the branches that are not absorbed will be “closed in July and August” of this year.

”The collaborators will be relocated by Paris to the different Cencosud flags, offering them the salary and working conditions of these flags. Those collaborators who decide not to accept these conditions may avail themselves of a retirement plan“, Held.

In the letter, the holding He indicated that the unification of brands will enhance Paris in Chile, “generating new commercial, operational and logistical synergies, strengthening its omnichannel strategy, and seeking greater competitiveness and sustainability, offering better service, assortment and quality to its clients”.

For its part in Peru, Cencosud reported that starting tomorrow July 1, Paris Peru will be closed, which includes 11 stores in the country.

“Being the fourth operator in the market, the results and expected participation have not been achieved to guarantee the sustainability of the operation.“The company said, adding that”employees will be relocated to the Wong and Metro Supermarkets operation offering them the salary and working conditions of these flags. Those collaborators who decide not to accept these conditions may avail themselves of a retirement plan”.