PE-backed Vivarte sells clothing brand Kookai to Australia's Magi

PE-backed Vivarte sells clothing brand Kookai to Australia's Magi

Photo: Reuters

Private-equity backed French clothing retailer Vivartewhich is aiming to restructure more than 1.3 billion euros ($1.5 billion)of debt, has agreed to offload its Kookai brand to Australian company Magi as part of Vivarte’s ongoing sell-off programme.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter