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


Italian gelato is European market leader

11/08/2017

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, because Italians are the European market leader.

Oprah Winfrey and Kraft Heinz join forces

10/08/2017

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

Ahold Delhaize continues to struggle in Belgium

09/08/2017

Belgian-Dutch supermarket group Ahold Delhaize has had a very good second quarter, with the company thinking last year's merger could result in lower costs than previously anticipated. On the other hand, Belgium's performance is still weak.

Sainsbury’s wants to cut 1,000 jobs

07/08/2017

Sainsbury’s, the second largest supermarket chain in the United Kingdom, is allegedly planning to cut 1,000 office jobs in order to save up to 500 million pounds (550 million euro).

Higher Kraft Heinz profit despite lower turnover

04/08/2017

Food company Kraft Heinz’ second quarter like-for-like turnover dropped slightly, but the American company did manage to seriously enhance its profitability.

Max Koeune becomes new McCain CEO

03/08/2017

Max Koeune will become potato processing company McCain Foods’ new CEO. The Canadian family business revealed the news after its current CEO, Belgian Dirk Van de Put, moved to the world’s largest snack manufacturer, Mondelez.

Back to top