A French trade court has given the green light to the acquisition of the womenswear retailer, currently in receivership, by its Turkish supplier SY International, which plans to save 944 of Naf Naf’s 1,170 jobs.
On Monday, the French group (owner of Caroll and La Halle) announced the appointment of the former Brice boss to work alongside new president Patrick Puy, who led the group's comprehensive restructuring effort.
The Smiley Company had good news this week and said that last year was strong, despite the weak retail sector. And while full 2018 results are still being prepared, the first nine months suggest a healthy final figure.
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.