Vinçon has officially announced that it will close its doors in the near future. According to a statement issued by the company, the decision comes following a sharp drop in sales during the crisis. "The crisis has shaken the local client", with sales just half of what they were in 2008 and turnover falling by 10% every year, and it is "unfeasible to continue". The 48-strong workforce will be made redundant.
The company is negotiating with the Inditex group regarding the rental of this prime retail space of about 3,000 square metres on Passeig de Gràcia.