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.
Vivarte has appointed Massimiliano Messina its new COO. A specialist in difficult situations and periods of transition, he replaces Pierre Trotot, former Deputy General Manager, who is leaving the group.
The Textiss-owned underwear brand Freegun has not only expanded its range to include apparel and accessories, it now also intends to expand its territory through the development of its export business.
Attendance at the trade shows Marcoc in Mode and Maroc Sourcing rose from 2200 last year to 2500 this year. Held in mid-October, the events intended to promote the Moroccan textile industry nevertheless saw fewer inte...