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French Fashion Brand Sonia Rykiel Files for Bankruptcy Protection

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Sonia Rykiel has officially entered receivership in France. Receivership is the equivalent of filing a petition in the U.S. seeking bankruptcy court protection. The petition was filed Tuesday by First Heritage Brands, which took complete ownership control of the fashion house in 2017 after taking an 80 percent majority stake in 2012. First Heritage, formerly…

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