The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
David Wertheimer will acquire a minority stake in the high-end performance label through his two private equity vehicles Mirabaud Patrimoine Vivant and Mirabaud Private Equity, the companies said in a statement. The financial terms of the deal were not disclosed.
The new funding will be used to fuel the brand’s expansion into the lucrative US market, opening stores in Aspen and New York. There are also plans to upgrade existing stores and expand collections to include more ready-to-wear styles for spring-summer.
Founded in 1952, Fusalp has experienced a revival in recent years after Lacoste heirs Sophie and Philippe Lacoste purchased a majority stake in the company in 2014 and repositioned the brand to better resonate with the next generation of fashion-conscious luxury consumers. Today, the brand is stocked at retailers like Net-a-Porter and Matchesfashion, and has an ongoing collaboration with Richemont-owned Chloé.
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Chanel Heir’s PE Vehicle Hires Former Richemont Exec Chabi Nouri
The former Piaget CEO will co-manage a portfolio that currently includes stakes in MycoWorks, Highsnobiety and La Bouche Rouge.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.