"Qatari royal family moves in on Pepe Jeans"

"Qatari royal family moves in on Pepe Jeans"

An investment fund closely tied to the Qatari royal family is well on its way to becoming the new owner of Spanish fashion brand Pepe Jeans, apparently willing to part with 725 million euro to acquire the brand.

Valentino, Pal Zileri and now Pepe Jeans

Mayhoola for Investments SPC, as the Qatari investment fund is called, is 'in pole position' to buy Pepe Jeans according to press agency Reuters. The fund is linked to Sheikha Mozah, the previous emir's second wife, and would be willing to pay 725 million euro.

 

Mayhool already bought the Italian fashion brand Valentino from investment fund Permira for 700 million euro and earlier this year, the fund became a majority shareholder in Forall Confezioni, which owns Italian men's luxury brand Pal Zileri and which is a Moschino and Cerruti 1881 license holder.

 

Pepe Jeans was founded in 1973 in London and is currently owned by several investment funds (Torreal, Arta Capital and L Capital) for 70 %, while its management owns 30 %. The company, which works out of Sant Feliu de Llobregat in Spain, is active in 60 countries and sells its clothing through more than 7,000 multi-brand stores.

Questions or comments? Please feel free to contact the editors


Twelfth straight growth quarter for Walmart

17/08/2017

American supermarket chain Walmart has surpassed analysts’ expectations for the previous quarter, the company’s twelfth straight growth quarter. The world’s largest supermarket chain especially benefited from a strong online growth.

FrieslandCampina sells fruit juice division

17/08/2017

Dairy company FrieslandCampina has sold its fruit juice division, which also contained the Appelsientje brand to Dutch investment firm Standard Investment.

Carlsberg's turnover increases despite lower volumes

16/08/2017

In the first half of the year, Danish beer brewer Carlsberg’s turnover grew 2 % to 31.8 billion krona (4.3 billion euro). The improves sales for its more expensive beers, like Grimbergen, contributed to this turnover increase.

Losses keep growing for HelloFresh

14/08/2017

In the first half of 2017, meal box delivery service HelloFresh has seen both its turnover and its losses grow significantly. This gives mixed messages in the preparation of its IPO, which is planned this fall to create room for more investments.

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, as 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.

Back to top