Sep 11, 2015
L Capital, of LVMH, to take minority stake in El Ganso
Sep 11, 2015
Spanish brand, El Ganso, has drawn the attention of luxury group LVMH, which is looking to acquire a stake in the fashion label through its private equity fund L Capital, reported Expansion on Thursday.
According to the Spanish business newspaper, negotiations are already in progress and L Capital is planning on taking a minority stake in El Ganso. The menswear, womenswear and childrenswear retailer, which was created in 2004, recorded €33 million in turnover and €2.2 million in profits in 2013.
L Capital, which is sponsored by LVMH, sold its Pepe Jeans stake earlier this year and was a bidder to buy a stake in Catalonia-based TOUS Jewelry, but the deal ended up going to the Swiss Partners Group. These operations show L Capital’s drive to concentrate on the Spanish luxury market.
El Ganso currently has 114 locations in ten markets, including Chile, France, Portugal, United Kingdom, Germany and Mexico. The company, which aims to produce long-lasting clothes at a reasonable price, plans to continue its national and international expansion in the following months.
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