Compagnie Vosgienne de la Chaussure (CVC), the French shoe manufacturing company previously owned by Vivarte, may be able to stave off its liquidation. The bankruptcy court that is handling the case announced on Nov. 6 that it had received an offer for its takeover. Prodded by a former manager of CVC, one of the holding companies that control Le Coq Sportif has indicated that it is interested in providing its support, financially and through new orders for one of its lines of sneakers. Le Coq, which insists on the “made in France” label, did something similar successfully with the takeover of a French textile finishing company. The court is set to decide on CVC's future on Dec. 5.

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