The French fashion company, property of the group Modacin, has signed an agreement in which the brand will be now owned by its creditors, among them the investment funds Farallon, Carval and CVC, after not being able to face its debt.
The Spanish fashion company sets its sight in Chile, where it already gathers a total of 55 points of sale in collaboration with Falabella. The company’s plans for the territory are aimed at its settlement in the country’s main cities.
American department stores are deeply immersed in restructuring processes compelled by the brick crisis and the rise of pure players.
All economic news of the key fashion companies worldwide.