Promod Explained

Promod
Type:Private
Industry:Retail
Founder:Francis Charles Pollet
Location:Marcq-en-Baroeul, France
Locations:517 (April 2022)[1]
Area Served:France
Belgium
Luxembourg
Switzerland
Key People:Julien Pollet
Owner:Pollet family
Revenue:342 million (2020)[2]
Num Employees:2,074 (2019)

Promod is a French women's ready-to-wear retailer operating in France, Belgium, Switzerland and Luxembourg. The clothing brand can be found in their own shops, or in concessions inside larger retail shops.[3]

Promod was founded as a family boutique in 1975 by Francis-Charles Pollet, one of the heirs of the founder of La Redoute where he spent the first part of his career.[4] The brand established exclusively in France and Belgium until 1990, when started to develop more internationally and opened a subsidiary in Spain, followed by others mainly in Europe.[5]

In 2014, Promod had over 1,066 stores in 52 countries with gross sales exceeded 1 billion euros.[6]

In 2016, a decline in the profitability of foreign operations led the company to eliminate 130 jobs and close international franchise partnerships that led to the closure of about 500 stores mainly in Europe, which accounted for half of the total number of Promod stores.[7]

In September 2018, Patrice Lepoutre left the management of the group in favor of Julien Pollet.[8]

In 2024, Promod opens a boutique-laboratory combining second-hand goods, unsold items, sewing kits as well as workshops to introduce people to sewing and upcycling.[9]

External links

Notes and References

  1. Web site: Our Promod stores: quickly find a list of Promod stores, their opening hours and access map.. promod.com. 18 April 2022.
  2. Web site: PROMOD (MARCQ-EN-BAROEUL) Chiffre d'affaires, résultat, bilans sur SOCIETE.COM - 685420606 . societe.com. 18 April 2022.
  3. News: White. Garry. Debenhams strikes deal with French fashion giant Promod. Telegraph. 17 August 2013.
  4. Web site: Francis-Charles Pollet (Promod). Capital.fr. 2016-05-06.
  5. Web site: Le prêt-à-porter en difficulté mise sur Internet. lesechosdelafranchise.com. 18 May 2012.
  6. Web site: Promod has chosen hipay online payment solution for its Polish e-commerce website. adux.com. 18 March 2014.
  7. Web site: Exclusif : Promod supprime 133 emplois dans le Nord. lavoixdunord.fr. 2016-09-01.
  8. Web site: Promod : Julien Pollet accède à la présidence du groupe. lsa-conso.fr. 19 September 2018.
  9. Web site: Promod ouvre une boutique-laboratoire mixant seconde main, invendus, kits couture et ateliers . 23 April 2024 . Fashion Network.