PARIS — The Thierry Mugler fashion business is officially starting to wind down, with Balmain set to take over its factory and some stores.

During a marathon employee meeting Wednesday night, plans for a final shutdown were detailed and personnel gave the nod to a job-preservation program and termination packages.

“Our objective is to find jobs for 100 percent of our employees,” said Perrine Houdoux, head of Mugler’s fashion business.

For starters, the firm’s 212 France-based workers will be informed of internal job possibilities at Groupe Clarins, owner of Thierry Mugler, or external positions.

“When it comes to external openings, they’re at Balmain,” said Houdoux, who added some employees have already gone to other fashion houses while benefiting from the Mugler termination package.

Clarins president and chief executive Christian Courtin confirmed negotiations are under way to have Balmain take over the Mugler Couture factory in Angers, France and four out of the seven Mugler boutiques, as reported.

There are currently 104 employees at Mugler’s Paris headquarters, 74 at its factory and 34 at its stores.

Houdoux said that in the six months since the plan to shut Mugler Couture was announced, it’s been business as usual, with employees working on the fall collection to be shipped as planned. “Now, we’re starting to stop the activity bit by bit,” she added.

Another employee meeting is set for June 20, when other job possibilities will be discussed.

As reported, Clarins — owner of the Mugler trademark — will shutter the money-losing fashion house to concentrate on Mugler fragrances.

A Balmain spokeswoman said it plans to announce its new strategy in several weeks.

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