Investor Eurazeo has invested another 285 million euro in Spanish store chain Desigual. The investment results in a 10 % share in the company, while the founder still controls 90 %.
Eurazeo's increased investment has resulted in the formation of a board of directors. Founder Thomas Meyer, Desigual CEO Manel Jadraque and two Eurazeo representatives will all be part of that board and they will make sure that the French investor's investment is protected.
"The capital increase will be used in particular to support and accelerate the development of Desigual and its sales network, and build a new logistics center”, a Eurazeo representative stated.