The owners of French clothing group Alain Manoukian are considering selling off the company to French-US consortium BCBG-Max Azria this month according to French media reports.

The Manoukian family is said to be in discussions over a possible sale of its shares, which make up 62 per cent of the group's capital.

Alain Manoukian, which specialises in medium/upscale clothing, slimmed down its net loss to €2.8 million during 2004 from €10.7m the year before.