PARIS — Printemps said Tuesday it plans to close its Madelios men’s emporium here to regroup all its men’s offerings under one roof at the flagship Printemps de l’Homme store.
The store’s profitability and development has been hampered by the high rent on the building, located at 23, Boulevard de la Madeleine, the company said.
Printemps is negotiating with the owners of the space to break off its lease almost two years early, which would allow it to cease trading there on Jan. 29, 2011. It plans to relocate all 40 members of staff to the Printemps de l’Homme store nearby