DESCAMPS: ADOPTION OF THE PLAN IS VALID
read on the newspaper's website LSA February 18, 2011
Descamps: The recovery plan is validated. On February 17, 2011
The recovery plan of the house Descamps, specialist linen, proposed by the fund Astrance Capital was approved by the court in Bobigny.
94% of the workforce of the company will be maintained. The buyer, Astrance Capital, acquired 80% stake of Descamps. The remaining 20% s are still held by his historical shareholder, the Italian group Zucchi. Immediately after approval of the recovery plan, a capital increase of EUR 6 million has been set up. Descamps should opt for its two historic brands Descamps and Jalla for repositioning upscale.
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