×
143
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
By
Reuters
Published
Mar 19, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Eurazeo invests $397 million in Spanish fashion label Desigual

By
Reuters
Published
Mar 19, 2014

PARIS, France - French investment group Eurazeo agreed to invest 285 million euros ($397 million) in Spanish fashion label Desigual to take a 10 percent stake in the company through a capital increase and help it fund its expansion.

The transaction gives the Barcelona-based brand an enterprise value of 2.7 billion euros, Eurazeo said, adding that a stock market listing for the company could follow.

Desigual's flagship store in Paris

"It's a possible option," Eurazeo Chief Operating Officer Virginie Morgon said in an interview on Tuesday.

She said the group did not plan "in principle" to increase its stake in Desigual, but added: "We don't rule anything out."

Eurazeo made proceeds of around 270 million euros through the mid-December initial public offering in Milan of luxury goose down jacket maker Moncler, in which it had held a 31.2 percent stake.

Desigual said in January it was accelerating its expansion in Europe and emerging markets, and hoped to achieve 1 billion euros in sales this year, up from 828 million last year. Its core margin was 29 percent in 2013.

Desigual has gained a reputation for bright garments and bold marketing, offering free clothes to shoppers who arrive in their underwear to special sale parties. At the end of 2013, Desigual had 405 stores in 109 countries.

"Eurazeo will support Desigual's strategy, which is to continue its geographic expansion in Europe and consolidate its recent international development," Eurazeo said on Tuesday. "The roll-out of the brand will also include ... new product categories, such as accessories, footwear and household goods."

"The three geographic zones we've identified as the most promising for Desigual over time are the United States, Brazil and Japan," Morgon added.

Desigual was founded in Ibiza in 1984 by Swiss designer Thomas Meyer, until now the company's sole shareholder.



$1 = 0.7188 Euros

© Thomson Reuters 2022 All rights reserved.