The Paris Commercial Court has accepted a bid by Santiago Cucci and Michaël Benabou to take over IKKS. The decision ends months of uncertainty for the fashion house, which was undergoing judicial reorganisation. The winning plan will retain 219 stores and 546 jobs, with a focus on women’s and men’s collections.
Acquirers increased ambition
The court’s decision follows a bidding process within the framework of the judicial reorganisation. It is a remarkable duo, Fashionnetwork writes: Cucci is the current chairman of the HoldIKKS holding company, Benabou is co-founder of Vente Privée (Veepee).
