LVMH's private equity firm invests in fashion brand El Ganso | RetailDetail

LVMH's private equity firm invests in fashion brand El Ganso

LVMH's private equity firm invests in fashion brand El Ganso

Luxury brand LVMH's private equity firm, L Capital, has acquired 49 % of Spanish fashion label El Ganso's shares. The additional funds will spur the company's international growth.

70 million euro turnover

As soon as the deal between both groups was closed, plans were drawn up to help El Ganso grow in the international markets over the next few years. One of the focal points will be to expand the fashion brand's distribution network. Currently, El Ganso has more than 120 stores of its own, in 10 different countries, including Spain, Belgium, the Netherlands, Italy, Germany, Chili and Mexico.

 

By the end of the year, El Ganso hopes to have reached the 70 million euro turnover mark, because if it does, it will have maintained 50 % growth over the past 5 years.

 

L Capital is involved in plenty of fashion brands, with stakes in Pepe Jeans, Claudie Pierlot, Maje and Guiseppe Zanotti.

Questions or comments? Please feel free to contact the editors


Carrefour Belgium launches personal shoppers with 90 minutes delivery

19/07/2018

In the intense struggle for the customers' favour, Carrefour Belgium has presented a new service - featuring personal shoppers, delivery within 90 minutes and an app that can be expanded into a market place.

Cultured meat in stores by 2021?

18/07/2018

Commercialization of laboratory cultured meat is coming closer. Pioneer Mosa Meat has raised 7.5 million euros for the construction of a factory that will bring an affordable product to the market within three years.

Aldi commits to renewable energy

17/07/2018

Aldi Nord has published an ambitious international climate policy: the retailer wants to reduce greenhouse gas emissions by 40% by 2021 and reveals some compelling figures in its second sustainability report.

Discounters' major opportunities for growth in Western Europe

16/07/2018

Despite the multitude of stores in most European markets, discounters plan to open up to ten million square metres of store surface in five years' time. Even in so-called saturated markets they still see a lot of chances for growth, LZ Retailytics says.

Contamination bites huge chunks of Greenyard's value

16/07/2018

Vegetable producer Greenyard is under attack after a listeria contamination in its Hungarian factory. The company says to have taken all necessary measures, but the share price plummets.

Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.