Chaussures Noël, a French manufacturer of children's shoes, has obtained bankruptcy protection from creditors, with the permission to continue to operate normally until Dec. 15. The family-owned company, which already went through a reorganization in 2016, hopes to attract a new investor. After divesting other assets, the company has been left with five brands of kids shoes: Babybotte, Noël Kids, Mary Isa, Minibel and Easy Peasy. It employs 89 people in France and about 700 at three factories in Tunisia. From €105 million in 2017, its sales have gone down to €18 million for the financial year ended in April.

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