The sale of the inexpensive Spanish shoe brand fits into the French retailer's ongoing restructuring program.
The sale is part of a vast restructuring plan for the ailing French apparel group.
The heritage footwear brand has been acquired by Start'Hopps for an undisclosed sum.
The group's creditors have agreed unanimously to waive a chunk worth 846 million euros, or $907 million at…
The French retail group's existing debt has been reduced to 800 million euros, or $1.1 billion.