McGregor Fashion Group is now debt-free

International fashion group McGregor has announced that from December 9, it will be operating free of any banks debts, as company shareholders have repaid the company's banking finance. "The transaction underscores the confidence our shareholders have in the strength of our McGregor and Gaastra brands and in our successful omni-channel strategy," said company Chief Executive Officer Jeroen Schothorst in a statement.