started · updated
Marionnaud reduces retail presence in Slovakia and Czech Republic
The luxury cosmetics retailer Marionnaud is continuing to reduce its physical retail presence in Slovakia following several years of financial losses. The brand recently closed its location in the OC Centro shopping center in Nitra, leaving only seven brick-and-mortar stores remaining in the country.
Financial reports for the Slovak operator, MIDIO, indicate significant economic challenges. Last year, the company saw a 20 percent decline in revenue and reported a loss of 2.2 million euros. The cumulative loss for the period between 2021 and 2025 has reached approximately 7 million euros.
In the Czech Republic, Marionnaud currently maintains 19 locations, though its presence in Prague has already diminished from three stores to a single location in the Palladium shopping center. Marionnaud is a subsidiary of the multinational conglomerate CK Hutchison and operates roughly 700 stores across Europe.
Entities
CK Hutchison · Czech Republic · MIDIO, spol. s r. o. · Marionnaud · Slovakia
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Marionnaud closed its retail location in the OC Centro shopping center in Nitra. cnn.iprima.cz · www.ta3.com
- [● 2 SOURCES] The Slovak operator reported a loss of 2.2 million euros last year. cnn.iprima.cz · www.ta3.com
- [● 3 SOURCES] Marionnaud currently operates seven physical stores in Slovakia. cnn.iprima.cz · www.ta3.com · tn.nova.cz
- [● 2 SOURCES] Marionnaud operates 19 stores in the Czech Republic. cnn.iprima.cz · tn.nova.cz
- [○ 1 SOURCE] The number of Marionnaud locations in Prague has decreased from three to one. cnn.iprima.cz
- [● 2 SOURCES] The company's revenues in Slovakia decreased by 20 percent year-over-year. www.ta3.com · tn.nova.cz
- [● 3 SOURCES] Marionnaud operates approximately 700 stores across Europe. cnn.iprima.cz · www.ta3.com · tn.nova.cz
- [● 2 SOURCES] Marionnaud is a subsidiary of the CK Hutchison conglomerate. www.ta3.com · tn.nova.cz