
FatFace Group has announced the completion of comprehensive refinancing agreement that also sees control passing to its lenders and the departure of its chairman.
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FatFace Group has announced the completion of comprehensive refinancing agreement that also sees control passing to its lenders and the departure of its chairman.
Struggling UK fashion retailer New Look has proposed a second major restructuring of its store estate in three years, asking for turnover-based rent deals as part of a package of measures to ensure its survival.
Fat Face is on the verge of being taken over by its lenders, that include banks and debt funds, in a debt-for-equity swap designed to drastically reduce the firm’s borrowings and help it weather the coronavirus storm.
Private-equity backed French clothing retailer Vivarte, which is aiming to restructure some 1.3 billion euros ($1.5 billion) of debt, said it had sold Spanish shoes brand Merkal to private investment firm OpCapita.
French clothing retailer Vivarte, which is aiming to restructure more than 1.3 billion euros of debt, has agreed to offload its Kookai brand to Australian company Magi as part of Vivarte's ongoing sell-off programme.
Private-equity backed French clothing retailer Vivarte, which is aiming to restructure more than 1.3 billion euros (1.08 billion pounds) of debt, has agreed to sell its Pataugas shoe brand to Hopps Group.
Private-equity backed French clothing retailer Vivarte, in talks to restructure more than 1.3 billion euros ($1.4 billion) of debt, has sealed a deal with its lenders, chairman and chief executive Patrick Puy has said.
French clothing retailer Vivarte plans to sell its Andre and Naf Naf brands and cut nearly 600 jobs as part of efforts to restructure the heavily-indebted group, union sources said.
French clothing retailer Vivarte on Thursday dismissed CEO Stephane Maquaire just months after appointing him, a move which was criticised by the head of the board, who resigned in protest.
French clothing retailer Vivarte said on Friday it had picked a new chief executive and that one of its main shareholder, investment fund GoldenTree Asset Management LLC, was looking to reduce its stake in the company.