Reports from France say California-based footwear group Titan Industries has had a bid accepted for famous French footwear brand Clergerie.

Clergerie went into administration in March. On June 29, a court in Paris approved the brand’s acquisition by Titan Industries.

Details of the bid that media in France have reported include a price of €700,000 and the promise that the Clergerie workshop in Romans-sur-Isère and a number of own-brand boutiques in France will remain open.

On the other hand, though, Titan Industries has said it will make 55% of Clergerie redundant within one month; this measure will affect 79 people.

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