French Label Casablanca Has Reportedly Been Sold Due to Corporate Restructuring

French fashion label Casablanca, founded by Charaf Tajer is looking towards a different business direction to grow its business. Industry reports have indicated that Casablanca Clothing Ltd. has been acquired by a newly established Casablanca Paris Ltd for an undisclosed amount. The reasoning is due to a restructuring deal that is set to help further the brand's growth. Casablanca said in a statement that the sale was due to the company wanting "to strengthen and empower the successful incumbent...