Marie Claire crisis deepens as For Men cuts ties

Marie Claire is facing an inescapable shutdown, and the clock is ticking. In the coming days, labor unions and the lawyers representing For Men, the Madrid-based company that took control of the textile group last August, will form a commission charged with negotiating severance packages and the compensation owed to the 72 workers. These professionals have not received at least four months of wages, a backlog that weighs heavily on the workforce. The decision is described by the circle around Ángel Pío Sánchez Pérez, the sole administrator of For Men, as a deeply regrettable turn of events and one they believe could have been avoided if the company had not endured seventy days with its accounts blocked, a period that catalyzed financial distress and contributed to the erosion of the business. The situation has broad implications for the local economy, the suppliers, and the families counting on a fair settlement as the process unfolds.