Alain Dumenil Guilty in Kelian Bankruptcy Case

Alain Duménil, the former owner of luxury footwear brand Stephane Kélian, has been found guilty of and fined for complicity in the fraudulent bankruptcy of the brand in 2005.

Duménil must pay 75,000 euros, or $98,660 at current exchange rates, according to Gilbert Emery, deputy prosecutor for the criminal court in Valence, France.

The French real estate entrepreneur acquired the debt-laden French shoe brand through his luxury conglomerate Groupe Alain Duménil in 2001 after the label had been put into bankruptcy protection.

Groupe Alain Duménil’s stable includes the Francesco Smalto, Louis Féraud and Poiray brands, with Emmanuelle Khanh and dormant couture house Jean-Louis Scherrer among the brands recently sold off by the company.

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