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


Ahold Delhaize launches digital lab in the United States

22/05/2018

Ahold Delhaize’s American division will found a new company focused on digital innovation: Peapod Digital Labs will become a lab for new digital, eCommerce and personalization strategies. 

Carrefour forced to shut down hundreds of Dia stores

22/05/2018

Carrefour has not found a buyer for hundreds of its former Dia stores in France yet. That may force nearly 230 stores to shut down.

Carrefour and Tencent launch high-tech store in Shanghai

22/05/2018

The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.

Hoegaarden moves part of production to Vietnam and China

18/05/2018

Hoegaarden experiences strong growth in Asia, but is losing ground in Europe. That is why AB InBev will move part of the production to China and Vietnam: the brewery in Hoegaarden will lower cut its production days by 2 a week.

Holland & Barrett wants vegan stores

17/05/2018

British health chain Holland & Barrett (previously known in the Benelux as Essenza) plans to open completely vegan stores, a trend the chain needs to follow according to CEO Peter Aldis.

Nestlé on a diet: cuts back sugar, fat and salt levels

17/05/2018

Nestlé wants to lower its sugar, salt and fat levels to play into the global demand for healthier food.