By  on September 6, 2017

PARIS — Change Capital Partners has sold a majority stake in French fashion brand Paule Ka to businessman Xavier Marie, and the brand will be parting ways with its chief executive officer and creative director, WWD has learned.

Marie, founder and former ceo of furniture and home decor company Maisons du Monde, has acquired an 80 percent stake in Paule Ka, with Change Capital retaining the remaining 20 percent, a spokeswoman for the label said on Wednesday.

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