Fashion brand Ikks, under administration in France since October, should soon find a buyer. There are more than ten potential buyers, including French competitors Pimkie and The Kooples. Specialized funds and industrial parties bidding as well.
French protection
The sale of Ikks is gaining momentum with more than ten formal bids on the table. On 3 October, the fashion brand’s French operations came under judicial protection, prompting the current owners, US funds Avenue Capital, CarVal Investors, and Marathon Asset Management, to decide to sell the company.
