×
321
Fashion Jobs
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Delhi / Ghaziabad
Permanent · Ghaziabad
KEYAL EMPIRE DESIGN PRIVATE LIMITED
Production Manager
Permanent · DELHI
MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED
Sales Team Manager/sr . Sales Manager/Territory Sales Manage-Bangalore
Permanent · Bengaluru
SERVOTECH INDIA LIMITED
Sil - Production Manager/ Quality Manager - Tarapur (Boisar)
Permanent · Tarapur
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED
Team Manager/ Territory Manger- Sales- Meerut
Permanent · Meerut
HARI DARSHAN SEVASHRAM (P) LTD
Area Sales Manager - Punjab
Permanent · Ludhiana
ALGOR SUPPLYCHAIN SOLUTIONS PRIVATE LIMITED
Hiring For Sales Manager in Logistic co| Hyderabad | Bangalore
Permanent · Bengaluru
By
AFP
Published
Jun 16, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gérard Darel in receivership

By
AFP
Published
Jun 16, 2015

French high-end ready-to-wear brand Gérard Darel has been placed in receivership, with an observation period of four months, leaving open the possibility for a buyout by new investors, sources close to the matter have said.

The insolvency proceedings, which the label itself asked for notably following disagreements with its creditors, was announced this Monday by the Paris commercial court.

The entrance to the store located at the company's historic headquarters on Rue Réaumur in Paris


Gérard Darel, founded in 1971 and purchased for an estimated value of 300 million euros in 2008 by investment firm Advent, has been facing considerable financial difficulty for several months now.

In August 2014, the commercial court validated an 18-month rescheduling plan for the group's debt, which at the time stood at some one hundred million euros.

Several months ago, the shareholders and creditors began amicable negotiations to attempt to turn around the situation and to find a new solution for the label to be brought back to life.

"The Les parties were not able to agree on a solution, that is why the company's management was asked to be put under the protection of the commercial court," a source close to the matter explained on Tuesday.

"This leaves four months for any possible buyers to manifest themselves," she added.

The French label, whose famous "24 hours" bag was a big hit a few years ago, has 300 stores, half of which are in France, and 1,100 employees around the world.

It generates an annual revenue of around 200 million euros. But the past few years it has been subject to the drop in clothing purchases in France and competition from the new players in its segment of the market.

Advent, which has invested 100 million euros in the company since it acquired it, has put a new management team in place since 2013, entrusting the label's management to Sandrine Lilienfeld and notably to a new designer. An extension towards high-end, especially its most successful accessories segment, and a push towards branching out internationally have been in place since last year.

A savings plan and a reworking of the logistics and information systems were finally established.

According to the source, all of these measures are starting to show results in terms of sales, which could attract new buyers.

"The names of the potential candidates, such as IKKS, Armand Thiery, investment company Borletti and Sandro-Maje have notably been mentioned," said French daily newspaper Les Echos on Monday.

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.