French competition watchdog clears Tati's sale to rival Gifi
today Dec 19, 2017
Tati, well-known in France for its bright pink logo, started in 1948 when Jules Ouaki, a Tunisian and pioneer in the low-cost textile market, opened the first store in Paris' immigrant district of Barbes, just downhill from the Sacre Coeur church.
However, it had been racking up losses amid increasing competition from low-cost fashion retail giants such as H&M , Zara and Primark .
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