The family of Jean-Louis Descours, who led the former Groupe André from 1960 to 1996, has sold the remaining 25 percent stake that it held in the company now called Vivarte through an investment company, EPI. A disagreement with Vivarte’s new controlling shareholder, Charterhouse, is given as the reason for the pull-out. EPI says it will continue to make strategic investments in high-end and luxury retail operations. It already owns Jean-François Pinet, a French high-end chain of shoe stores, as well as J.M. Weston, the French manufacturer of dressy men’s shoes. It recently acquired two manufacturers and retailers of high-end shirts and children’s wear, Alain Figaret and Bonpoint.