Isabel Marant: JP Morgan Chase & Co reportedly tasked with finding a buyer
Rumors have been circulating for several months now that the Isabel Marant brand is up for sale. This intention was always denied to FashionNetwork by the French company’s management and its majority shareholder since 2016, Montefiore Investment.
The possibility of a sale was brought up again at the end of February by Bloomberg, which provided concrete evidence on the matter. According to the American news platform and its unidentified sources, Montefiore Investment, which owns 51% of the company's shares, has tasked JPMorgan Chase & Co. with finding a buyer for the brand.
The same sources believe that the Isabel Marant brand could be valued at as much as €1 billion in this possible sale transaction. It remains to be seen whether the fund intends to sell only its shares or if all the company’s shares (Isabel Marant holds 39% and its managers 10%) would be included in the transaction.
According to Les Echos, the brand achieved a turnover of around €175 million in 2019, most of which was generated by exports.The brand currently has 64 points of sales in Europe, North and South America and Asia, including boutiques and corners in department stores.
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