Business · Companies · 6 hrs ago
GiFi to close 10 stores in France as 32 become Grand Frais outlets
French discount retailer GiFi is closing 10 stores as it faces financial trouble.
The closures affect locations including Thiais, Stains, Besançon, Lyon and Toulouse.
GiFi asked for court-supervised restructuring on 20 October, saying the move was intended to protect the company and keep it operating.
Competition from Action, B&M, Shein and Temu has added pressure on the retailer, which sells low-priced home goods.
Another 32 GiFi stores are due to become Grand Frais outlets, while 14 others will be run under a management arrangement.
A GiFi store in Neuville-en-Ferrain was initially listed for closure but was saved after a lease renegotiation, with its floor space cut in half.
The Grand Frais conversions are expected after renovation work, but the sources give no further details about GiFi’s restructuring process.
GiFi will close 10 stores in France, while 32 others are set to become Grand Frais outlets.
The store closures follow GiFi’s request for court-supervised restructuring on 20 October 2026.
GiFi said the market had worsened over the summer, while reports cited competition from discount retailers and online platforms.
A planned closure in Neuville-en-Ferrain was cancelled after the store’s lease was renegotiated, though its floor space will be halved.
The 32 stores transferred to Grand Frais include 17 to be operated directly and 14 under a management lease; the articles do not explain the status of the remaining store.
- Who
- GiFi, a French discount retailer, and Grand Frais, a supermarket group.
- What
- GiFi will close 10 stores, while 32 stores are set to become Grand Frais outlets.
- When
- GiFi requested court-supervised restructuring on 20 October 2026. The store closures and conversions were reported in October 2026.
- Where
- Across France. The 10 stores are in Thiais, Stains, Pontault-Combault, La Ferté Macé, Tonnerre, Saverne, Besançon, Saint-Claude, Lyon and Toulouse.
- Why
- GiFi cited a worsening market. Reports also cited competition from Action, B&M, Shein and Temu.
This story does not have two clearly opposing sides.
GiFi decided to transfer 32 stores to Grand Frais.
GiFi requested court-supervised restructuring.
20 Minutes reported that 32 stores were set to become Grand Frais outlets and that about 10 would close.
20 Minutes updated its report, noting that the Neuville-en-Ferrain store had been saved after its lease was renegotiated.
Marmiton reported the names of the 10 stores set to close.
- Store closures
- 10
- Stores transferring to Grand Frais
- 32
- Directly operated by Grand Frais
- 17
- Under management lease
- 14
- Store saved from closure
- Neuville-en-Ferrain, Nord; its floor space will be halved
- Judicial restructuring request
- 20 October 2026
3 sources
What people are saying
Comme vous le savez, le marché s’est nettement dégradé au cours de l’été et GiFi n’a pas été épargnée.
Pour protéger l’entreprise et poursuivre son activité, nous avons décidé (…) de solliciter l’ouverture d’une procédure de redressement judiciaire auprès du tribunal compétent.