Marypaz, the Spanish maker and retailer of women’s shoes and accessories, is planning to lay off 170 employees, out of a total workforce of 600 as of Dec. 31, 2019, in an effort to limit the damages of the coronavirus crisis. According to reports in modaes.es, the company is also planning to close 41 stores out of 125 in Spain. The management is currently discussing the modalities of the restructuring plan with the labor unions. After going into receivership in October, Marypaz was acquired by Álvaro Pellón, a Spanish businessman, via the Madrid-based firm Crocea Mors in December. Marypaz is still run by the Aguaded family, who founded the company in Sevilla in 1972.