Dorotennis, the French brand of women's activewear owned by Max Azria, has been placed in receivership by a French court, three years after being placed in bankruptcy proceedings. Reports indicate that its turnover fell to €9.5 million in the financial year ended on Jan. 31, 2013 from €11.7 million in the previous year. It had reached a level of €22 million in 2007, the year before the Argos Sotidic fund sold the company to Azria, the U.S.-based French entrepreneur who also owns BCBG.

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