Vivarte Loans Said to Fall After Hiring Debt-Restructure Expert
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Vivarte SAS loans plunged after the French fashion retailer appointed a debt restructuring adviser, according to two people familiar with the matter.
The company’s 800 million euros ($880 million) of loans are quoted at about 17 cents on the euro, down from about 32 cents on Friday, said the people, who asked not to be identified because trading is private. A French court on Monday approved the appointment of restructuring expert Helene Bourbouloux to help the Paris-based retailer in negotiations, two other people said.