Smuggler put into receivership (translated)
04 FEB 2017
Smuggler, the French high-end tailor-made men's clothes retailer, has been put into receivership by the commercial court of Limoges, news portal L'Usine Nouvelle reported. The report credited the owner Gilles Attaf as explaining that the company has grown too fast and therefore is experiencing liquidity problems.
Smuggler operates 13 shops generating sales of EUR 10m, the French-language piece said. The company is backed by PE firm M Capital Partners which invested EUR 1.5m in 2013