FRANCE: Montaigne Fashion Group sacks designer Regina Rubens
Montaigne Fashion Group has sacked women's wear fashion designer and the company's former owner Regina Rubens from its board, following a "crisis of confidence."
Rubens had ignored calls to resign claiming that the company's new shareholders had not respected their commitments. But she was voted off the four-person board along with her lawyer Jean-David Zerdoun at a general meeting of the company.
Earlier this year, Rubens and her former financial director were handed 18-month suspended prison sentences for "the divulgation of incorrect and misleading information" relating to the company's accounts between 1998 and 2001. They were also fined heavily.
Upheaval within the company, which was on the verge of liquidation a year ago, has contrasted sharply with an ambitious external growth policy.
Earlier this month, MFG signed a draft agreement to take a 34% stake in Paris-based haute couturier Franck Sorbier, while in March 2007 it agreed to purchase 54% of the capital of Paris fashion designer Irene Van Ryb.
By Stuart Todd.
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