The loan will enable the department stores company to keep operating with its sales network until the end of the year, which is the most profitable period in the United States.
Joanna Dubin, who substitutes Gaetano Scuito in the position, will be the new person in charge of the luxury company, property of the French conglomerate LVMH, in the American continent.
The Endurance Partners fund took control over the brand in December 2015 after taking a stake in the Noeco society. Shortly after, the company’s founders Josep María Donat and Totón Comella resigned.
All economic news of the key fashion companies worldwide.