The noose is tightening on the Gibert Jeune bookstore

The noose is tightening on the Gibert Jeune bookstore

INFO LE FIGARO – The famous sign, specializing in the occasion, is in great difficulty and is considering a “reorganization”.

According to our information from internal sources, the famous Parisian bookstore on Place Saint-Michel would be declared out of business on March 31, 2021. But, contacted, the management denied it, and preferred to speak of “reorganization” because discussions with the works council have not yet taken place. And to explain: “The building at 5, place Saint-Michel (the largest, the one specializing in literature, pocket, comics, human sciences, history, Ed) has been sold. We were presented with a fait accompli. We are simply accelerating our reflection, but everything continues… It is clear that the Place Saint-Michel has been suffering since the first confinement.” Management adds that some stores are too big in relation to needs and expectations and plans to develop “corners”… We don’t really know what will happen. This is not the first time that the brand has experienced difficulties. In a rescue operation, in 2017, the bookstore had allied with its…