By  on February 11, 2014

PARIS — Vivarte said on Tuesday it has suspended loan payments while it renegotiates some 2.8 billion euros, or $3.82 billion at current exchange, of debt with a group of 172 lenders.

The French retail group, owner of brands including Kookaï, Caroll, Naf Naf and Chevignon, held its first information meeting for the lenders since an ad hoc legal agent was appointed to mediate the rescaling of its debt, dating back to the company’s sale to Charterhouse Capital Partners in 2007 via leveraged buyout.

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