A commercial court in Romans-sur-Isère, in south-east France, has ordered the liquidation of French luxury shoe maker Charles Jourdan.

Charles Jourdan, which employs around 200 staff, went into administration in September for the second time in just over two years.

The court was left no other option but to order it to be wound up when the sole candidate bidding for the firm, US group Omniscent, withdrew its interest.

Omniscent abandoned its takeover offer having spent the past few weeks in an unsuccessful attempt to obtain proof that the Swiss company, Charles Jourdan Holding Age, which owns the 'Charles Jourdan Paris' brand name, was still the 100% property of Charles Jourdan SAS - the French company which owns the shoemaker's production facilities.

Both entities have belonged to Luxembourg company Finaluxe since October 2005.

By Stuart Todd.