By  on September 13, 2007

PARIS — Charles Jourdan, the troubled French luxury footwear and accessories brand, has filed for the French equivalent of Chapter 11 bankruptcy protection, according to industry sources.

The firm's factory, which employs 150 workers and is situated in Romans, France, reportedly has been dormant for the past few weeks. A spokesperson for Charles Jourdan declined all comment.

The storied house, owned since 2005 by Swiss holding company Finaluxe, hit its stride in the Seventies when its platform shoes became an integral accessory to the disco scene. But staying alive has proved an ongoing struggle ever since.

Marred by financial troubles in 2002, which led to the shuttering of several stores and the release of one third of its workforce, the subsequent hiring of designers, namely Patrick Cox and Joseph Thimister, failed to bring the brand back into the spotlight. Its latest collection, recently unveiled at the Premiere Classe trade fair here, was designed by an in-house team.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus