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
in 2012.

It also entails the closure of a plant specialising in footwear prototypes and samples.