Vivarte

The French fashion company, which has lately been disposing of assets to cut debt, has agreed to sell Chevignon to the Royer company and businessmen Stephane Collaert and Thierry Le Guenic.

Vivarte SAS won a waiver to terms of a 535 million-euro ($596 million) loan after terror attacks in Paris and warm winter weather hurt the French fashion retailer’s earnings late last year.

French fashion companies Vivarte SAS and Camaieu International SAS are seeking to amend the terms of their loans amid a slump in retail sales.