PARIS — Charles Jourdan, the beleaguered French footwear brand that went into liquidation last December, is once again up for grabs following the failure of its most recent suitor, Finzurich, to cough up the 2 million euros, or $2.5 million at current exchange, required to complete its acquisition.
The firm’s price tag was set by the commercial court of Romans-sur-Isère in March when it green-lighted the sale of Charles Jourdan France SA’s assets to the Costa-Rica-based investment fund, compromising 10 stores in France and the firm’s factory equipment. The deal also included share options in Charles Jourdan’s Swiss-based subsidiary, Charles Jourdan Holding AG, which owns the brand’s international licensing rights. But the court recently annulled the transaction, having received only 10 percent of the payment.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)