Tous boutique in Palm Beach to close, owner cites franchise dispute

"We are not closing the Palm Beach store because of the economy," said owner Susana Diaz, who disclosed that "problems" with the Barcelona-based Tous firm related to franchise agreements were the reason for her decision to shutter the business…"We were doing pretty well in light of the economy, but the company was suffocating us," she said.

http://www.palmbeachdailynews.com
July 18, 2009

Tous boutique in Palm Beach to close, owner cites franchise dispute
Robert Janjigian

TousBoutique.jpg

Tous, 306 S County Road, will shut down at the end of the month. Lee Hershfield

Tous, the jewelry and accessories boutique at 306 S. County Road, is closing after 3½ years.

"We are not closing the Palm Beach store because of the economy," said owner Susana Diaz, who disclosed that "problems" with the Barcelona-based Tous firm related to franchise agreements were the reason for her decision to shutter the business.

Diaz's additional Tous location, opened last September at The Gardens mall in Palm Beach Gardens ceased operations at the end of May as a result of the franchise-agreement dispute.

The Spanish company will reopen the Tous store in Palm Beach Gardens as its own, Diaz said. As far as she knows, the company has no plans to reopen the Palm Beach boutique.

"We were doing pretty well in light of the economy, but the company was suffocating us," she said.

Until Tous' island branch doors are shut at the end of the month, Diaz is attempting to clear out all merchandise in the store, offering jewelry at 50 percent off original retail prices and accessory items — including handbags, luggage and belts — at 70 percent off.

http://www.palmbeachdailynews.com/news/content/business/2009/07/18/bizTous0719.html?cxtype=rss&cxsvc=7&cxcat=3


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