PARIS — Ailing French fashion group Vivarte on Tuesday revealed two executive appointments.
Benoît de Roux was named financial director of the debt-stressed company. Roux boasts more than 30 years of experience in management positions of firms including Arthur Andersen, Groupe Renault, Gras Savoye and Groupe Henner.
Noël Moussali was named real estate director of the group and a member of the executive committee. The executive, who is a specialist in the latest technological and green developments in the retail real estate field, has worked for companies including Klépierre, Cushman & Wakefield and Micromania.
One of France’s largest clothing groups by sales, Vivarte has struggled to pay back about 1.5 billion euros to four investment funds that serve as shareholders and lenders to the company. The group continues to restructure and has sold off its Naf Naf, Kookaï, André and Pataugas brands in recent months, as reported.
The group employs 2,000 people internationally and counts more than 3,000 physical stores globally for its portfolio of five brands: La Halle, Minelli, San Marina, Cosmoparis and Caroll.