Eurazeo joins the luxury brand push

Private equity firm Eurazeo has made the latest move in the luxury fashion market by acquiring French clothing business Moncler in a deal worth £372 million.

Alongside Remo Ruffini, Carlyle Europe and two partner brands, Eurazeo has acquired a 45 per cent stake in the company.

The deal follows on from the recent purchase of shoe business Jimmy Choo by Labelux for £500 million, and fellow footwear company Kurt Geiger for £215 million.

CEO of Eurazeo, Patrick Sayer, says that the private equity firm has long been looking to invest in the luxury sector.

Moncler has five brands including Moncler, Henry Cotton’s, Marina Yachting, Coast Weber and Ahaus. The business has 55 shops in Europe, Asia and North America.

As part of the deal Ruffini, the luxury retailer’s chairman and creative director, is to retain a 32 per cent stake and Carlyle hold on to a 17.8 per cent interest.

Despite the acquisition of a stake in Moncler, Ruffini says that a stock exchange listing remains a ‘strategic objective’.

Moncler reported turnover of £382 million in 2010.

Future plans for the business includes continued geographic expansion particularly in the US and Chine, launch of online sales and broadening the range.

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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