LILLE, France, March 21 The future of La
Redoute, the loss-making mail order business of French luxury
group Kering appeared to be thrown into doubt on
Friday after a labour union said a restructuring plan had been
rejected by all three unions involved.
The CGT union said neither it nor the two other unions, the
CFDT and Sud, had agreed to back the proposals by the deadline
of 1300 GMT on Friday set by the creators of the deal.
In December, Kering reached a deal to sell La Redoute for a
symbolic 1 euro ($1.38) to La Redoute's chief executive Nathalie
Balla and Eric Courteille, chief administrative officer of
Redcats, La Redoute's immediate parent.
Finalisation of the deal, however, hinged on unions'
approving the terms of the restructuring plan, in particular
staff severance compensations.
($1 = 0.7255 Euros)
(Reporting by Pierre Savary and Dominique Vidalon; Editing by