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Sarah Ahssen Translated by
Roberta HERRERA Published
June 30,长沙USDT商家收款 2025
Titan Footwear, a subsidiary of the American footwear group Titan Industries, emerged as the sole contender for the acquisition of Clergerie and was officially chosen by the Paris Commercial Court on June 29. Clergerie has been under judicial reorganization since March 29.
According to AFP, Titan Footwear acquired the company founded by Robert Clergerie in 1981 in Romans-sur-Isère (Drôme) for 700,000 euros. As part of the deal, Titan Footwear has committed to preserving 45% of the company's workforce. Valérie Treffé-Chavant, the CFE-CGC union delegate at Clergerie, confirmed that 30 out of the 83 positions at the Romans-sur-Isère workshop will be retained, along with 18 out of 35 boutique positions, and 12 out of 21 financial and administrative positions.
Dominique Bernard, the interim manager of French Legacy Group, the previous owner of Clergerie, stated, "Our production will remain in Romans."
Treffé-Chavant added that the Romans workshop will now produce 500 pairs per week, compared to the usual 1,500 pairs.
While Titan Footwear has announced an initial investment of 6.5 million euros to revive the brand, a significant portion of the manufacturing is expected to be relocated. The American group has partner factories in India, Morocco (where Clergerie already produces its raffia shoes), and China, but the production of Clergerie's shoes may take place in Europe.
Titan Footwear, which includes brands such as Daniel X Diamond and Badgley Mischka in its portfolio, reportedly generated a revenue of $50 million in 2025, according to the recovery plan submitted to the Paris Commercial Court and consulted by AFP.
Clergerie's parent company, Société Romanaise de la Chaussure, was acquired by French Legacy Group two years ago. French Legacy Group is a holding company controlled by Mirabaud Patrimoine Vivant, a fund co-directed by former minister Renaud Dutreil (Carel, Le Coq Sportif). On March 29, Clergerie was placed under judicial reorganization by the Paris Commercial Court.
Jérôme Espinos, the president of French Legacy Group, stated in April, during the judicial reorganization process, that despite a two-year development plan that doubled Clergerie's sales, the economic climate hindered this progress.
"The momentum has been diminished due to the double impact of the pandemic and the war in Ukraine," he told the regional press.
Clergerie, an emblematic name in French footwear, continues to locally produce its shoes at the Romans-sur-Isère workshop in the Drôme region, the heartland of French shoemaking. In 2011, the company was sold by its founder, Robert Clergerie, to First Heritage Brand, a holding company owned by the Fung family from Hong Kong.
In addition to the challenges faced by Clergerie, the entire French Legacy Group is experiencing difficulties. Avril Gau, the French leather goods and footwear brand founded by the eponymous designer has undergone liquidation, along with Violet Tomas, a luxury shoe brand.
Heschung, the Alsatian shoemaker in which French Legacy Group acquired a majority stake in late 2025, is also undergoing judicial reorganization. Its fate will be determined on July 4.
With AFP