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.