Debt-laden Pakistani fashion powerhouse Élan is selling half of its equity to multi-brand group SEFAM. The deal is valued at Rs800 million, according to business magazine Profit. Élan, founded in 2004 by Khadija Shah, is said to be in Rs700 million debt. The company is said to be mired in a cash-flow crisis attributed to […] The post ‘Debt-Laden’ Fashion Powerhouse Élan Handing Over ‘Management Control’ To SEFAM appeared first on The Friday Times - Naya Daur.