By  on July 29, 2014

PARIS — Gerard Darel has struck a deal with its creditors to reschedule its debt, estimated at around 100 million euros, or $134.6 million at current exchange.

A Paris commercial court approved the agreement between the French fashion firm, owned by private equity firm Advent International, and around 10 lenders. It gives Gerard Darel an extra 18 months to pay back the loans.

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