Tati up for sale as boss ditches recovery plans

French discounter Tati has been put on the block after chief executive Fabien Ouaki threw in the towel last week and announced he has abandoned restructuring plans.

The 29-store chain is in administration. Discount chain Fabio Lucci and textiles firm Asiatex have emerged as the most likely bidders. The Paris Commercial Court is expected to rule on the matter this week.

Management Horizons Eur-ope retail analyst Olivia Kulp says it is an asset. 'The stores are on prime sites,' she said.