Chauss-Europ, an international footwear trading company based in the North of France, has been acquired by a group of investors led by Nicolas Dewaele, a 32-year-old manager who has proven some special skills over the last few years by running his own company, BEST, which will share the logistics. His family owned another French shoe company, Didery, which was acquired by the Royer group in 1996. He worked as product manager at Royer before setting up BEST in 2001, developing special collections for various customers including TSS, the company of Gérard Labat, which provided some temporary financial support for his venture. While BEST has reached an annual turnover of nearly €8 million, that of Chauss-Europ has plunged by more than 50 percent over the last few years to about €15 million. To help him to turn the company around, Dewaele has brought in a new general manager, Philippe Brel, who previously served as commercial director at Dresco, another big French sourcing company acquired a few years ago by Eram.