FRANCE: Royer seeks buyer for luxury shoe brands
French footwear wholesaler and licence holder Groupe Royer is planning to relinquish its Charles Jourdan and Stéphane Kélian luxury shoe brands.
"We are looking for an investor to take a partial or majority stake in Jourdan and Kélian," a Royer spokesman confirmed to just-style today (5 July).
Both brands were struggling to stay in business when Royer acquired them in 2007 and 2008. The group opened a style and design workshop dedicated to the brands, but Jourdan and Kélian are today understood to be in a loss-making position.
14,000 pairs of shoes are produced annually, with manufacturing carried out in Italy.
The shedding of assets forms part of a business re-organisation programme unveiled by Royer earlier this year following the announcement of its first ever loss
It also entails the closure of a plant specialising in footwear prototypes and samples.
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