China’s Icicle closing in on acquisition of Carven

Chinese company Icicle Fashion Group may acquire troubled Parisian fashion label Carven, reports WWD quoting sources familiar with the development. It added that the deal could be announced by the end of this week. In May, Carven had filed for Chapter 11 bankruptcy with the Paris Commercial Court. The final decision on the matter would be declared by the French court, when it would issue its ruling on October 12.