
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.
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.
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.
Vivarte on Tuesday presented a downsizing plan to staff representatives revealing 1,600 job cuts at La Halle and André. 178 of 600 La Halle and 32 of 160 André stores will be shuttered.
The secondary price of struggling French retailer Vivarte's loans have plunged to distressed levels and the company will meet lenders and shareholders before the end of the year to discuss its options, banking sources...
Lenders to struggling French retailer Vivarte are potentially facing further losses only two weeks after completing a painful debt restructuring after a heavy fall in the company's secondary loan price, banking source...
Richard Simonin replaces Marc Lelandais as CEO of Vivarte. The new Board of Directors now includes Christian Pimont, Donald Bryden and Kevin Lennon.