France's largest fashion retailer, Vivarte, has tapped Thierry Jaugeas, former head of women's wear chain Camaieu, to head its newly-created clothing division, whose major component is troubled brand La Halle.

The re-organisation, which also sees the creation of a footwear and accessories division, signals the departure of La Halle CEO, Renaud Mazière, who had held the post since October 2012.

Speaking to just-style, a spokesperson for Vivarte played down reports that Mazière had paid the price for La Halle's disappointing results following a three-year EUR450m (US$578.4m) revamp, designed to give the brand a more upmarket position.

Vivarte's clothing brands also include Caroll, Naf Naf, Kookaï and Chevignon.

Earlier this summer, Vivarte sealed a major financial restructuring deal with its creditors, ending six month's of uncertainty over the company's future.

It makes provision for debts to be slashed from to EUR800m from EUR2.8bn, and new financial resources totalling EUR500m made available.