The company, which also operates the Claudie and Fursac brands, attributed the sharp domestic downturn to a combination of unseasonable weather and store closures. These challenges hit the bottom line at a time when wider civil unrest in France has disrupted commercial activity, leading to isolated incidents of retail looting in major cities.

Despite the immediate market reaction dropping the share price to 5.05 euros, management maintained its financial outlook for the full year. This guidance remains contingent on the absence of further deterioration in French trading conditions as the group balances its international footprint against the instability of its primary retail base.