By and  on October 6, 2018

BEIJING — Parisian fashion label Carven is close to a sale to Chinese company Icicle Fashion Group, with a deal expected to emerge at the end of next week, according to a source familiar with the matter.

The brand, which filed for Chapter 11 bankruptcy with the Paris Commercial Court in May, has been courted by other firms including Axara, Lee Cooper, Cashtex, Philippe Métivier, Market Maker and Red Luxury. But it is the Shanghai-based company, known for its eco-friendly line of men’s and women’s wear, that has emerged as the front-runner, the person said.

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