PARIS — Regina Rubens SA, a French sportswear label in which LVMH Moët Hennessy Louis Vuitton holds a 36.4 percent stake, is getting on the recovery path after filing the equivalent of Chapter 11 proceedings almost two years ago.

Paris’ Tribunal de Commerce approved a turnaround plan for the fashion operation, according to a statement issued Wednesday by the company. "The Tribunal de Commerce’s judgment allows Regina Rubens to remain open," the statement said.

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