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French knitting brand Molli has sold a minority stake to LVMH‘s investment fund LVMH Luxury Ventures. The brand, founded in 1886 but relaunched in 2014, aims to use the new capital to expand internationally.
Tripling revenue
Since CEO Charlotte de Fayet took over, the brand has grown from two to four own stores in Paris, alongside a prominent spot in Le Bon Marché Rive Gauche and nearly 100 wholesale partners worldwide. Revenue exceeded eight million euros last year and is expected to surpass ten million in the current fiscal year, which ends in August.
