PARIS — The Made in France suiting brand Smuggler was placed into receivership on Thursday.

Sources at the brand’s holding company Orphée Longchamp confirmed the decision, which was handed down by the business court of Limoges, France.

Smuggler, which has been producing custom suiting since it was founded in 1978, has 15 points of sale and employs more than 100 people, according to AFP. The suitmaker has repeatedly dressed President François Hollande during his term.

The brand has been placed in supervised recovery along with its holding companies Orphée Longchamp and ABCD Partners. The brand’s production facility in Limoges will continue to function independently.

Smuggler’s chief executive officer and owner Gilles Attaf, who has been a champion for the “Made in France” appellation, purchased the brand in 2000 via leveraged buyout. In a 2013 interview with L’Usine Nouvelle, Attaf credited renewed interest in local manufacturing for being able to raise investment capital of 1.5 million euros, or $1.95 million dollars at that time.