Representatives of the label, which last year mandated Banque Privée Edmond de Rothschild to open its capital to outside investors, attended a hearing at a commercial court on Thursday aimed at extending the observation period allowing potential buyers to step in. The spokeswoman declined to give further details, but said the company planned to issue a statement in the next few days.
Marithé + François Girbaud has been losing steam since the global economic downturn, posting consolidated sales of 100 million euros, or $132.7 million at average exchange, in 2010. The brand had its heyday in the Eighties, when it became known as a pioneer in denim washes, in particular stone washing.
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