The French luxury shoe industry has suffered a major blow with the bankruptcy of two of the best known names. Managers at Stephan Kélian in Romans, south-east France, have told its 143 workers that it has finally succumbed to the problems that have dogged it since 2002 when it went into receivership . It was recently bought by a Belgian investment group and the company said, with debts of three million euros, it cannot go on making shoes in France. Union representative Eric Potel responded: “We’ve been taken over by a new group that doesn’t want to produce in France. They bought the shops and the Kélian brand, but want to just be financial investors.