Zadig & Voltaire in talks with RSM Restructuring Advisory about its UK store portfolio

French retailer, Zadig & Voltaire is reportedly in talks with restructuring advisers about its future UK retail presence.

The brand currently has seven UK stores and an additional six concession stands in Selfridges, Harrods and Harvey Nichols, all of which were closed during the Covid-19 lockdown.

Reportedly, the retailer is currently seeking to appoint experts from RSM Restructuring Advisory to review its business.

At the beginning of the year, private equity firm Peninsula made a strategic investment in Zadig & Voltaire.

Zadig & Voltaire remained majority-owned by its founder Thierry Gillier, while TA Associates exited its investment. However, financial terms of the transaction were not disclosed.

In addition, the retailer also said announced new chief executive, Rémy Baume, would replace Jean-Jacques Guével, who stepped down form his role to become chief executive of Balmain.

Baume will also be a shareholder in the retailer.