Groupe Philippe Ginestet approaches Weinberg Capital Partners to buy Besson

Groupe Philippe Ginestet (GPG), the company that owns French and Belgian brands Gifi, Tati and Trafic, has started exclusive negotiations to buy Besson Chaussures, one of the footwear brands under Groupe Vivarte, which also owns Caroll, Chevignon, Minelli, Naf Naf, among others. GPG is looking to buy a 49 percent stake in Besson’s capital alongside investment company Weinberg Capital Partners, the two companies informed in a statement.