IKKS sells shares to LBO France | RetailDetail

IKKS sells shares to LBO France

IKKS sells shares to LBO France

Private equity firm LBO France has acquired the majority of shares in French fashion brand IKKS, with 30 % still under control of Roger Zannier and investment group Silverfern as a minority shareholder.

Expansion

LBO France wants to help speed up the brand's Parisian growth and is even considering expansion abroad. The brand currently gets 80 % of its turnover in its home nation of France, but a portion of its 500 stores are also in the Benelux, Spain, Germany and the Middle East. The IKKS Group contains three chains: IKKS, One Step and I.Code, worth 300 million euro in turnover last year.

 

In 2011, LBO France invested in French fashion brand The Kooples in return for a 20 % stake. The brand, which was founded in 2008, is currently enjoying plenty of additional attention from other private equity firms.

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