The French retailer said on Oct. 5 it had sealed a deal to avert bankruptcy through a debt restructuring agreed with its main creditors, led by Kretinsky. A consortium led by Kretinsky will end up with 50.

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Bates - who dressed as a cowboy at Francesca's Barbie-themed birthday bash last year - reportedly received a total of about $15million from at least 15 different Australian investors for Aurum+ since 2016.

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