EL72
Distinguished Member
- Joined
- May 11, 2006
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SoCal: This can't be good news. Don't let the brand fall into the hands of these mysterious "Chinese investors"!
http://www.dnrnews.com/site/article.php?id=2239
Jil Sander Receives Buyout Offer
By ANDREW ROBERTS
August 1, 2008
MILAN - The plot thickens at Jil Sander AG.
According to sources, Change Capital Partners, which owns Jil Sander, has received at least one non-binding offer of interest in the fashion brand from "Chinese investors."
As reported, Change Capital Partners, which acquired the label from Prada Spa for an undisclosed sum in February 2006, is said to be considering exiting its investment - having grown tired of waiting for the Jil Sander's bottom line to match its critical acclaim - and has been sounding out the market regarding potential interest.
With an offer on the table, the London-based private equity fund, which is backed by the Halley family and led by former Carrefour and Marks & Spencer and current Vodafone and Societe Generale board member Luc Vandevelde, will now decide if it wants to deal, sources said.
It is unclear whether the said bid for Jil Sander is close to Change Capital's alleged valuation of around 200-220 million euros, and industry experts have suggested a figure closer to 150 million euros would be more reasonable given the current economic climate.
A spokesman for Change Capital declined to comment on the speculation Thursday.
http://www.dnrnews.com/site/article.php?id=2239
Jil Sander Receives Buyout Offer
By ANDREW ROBERTS
August 1, 2008
MILAN - The plot thickens at Jil Sander AG.
According to sources, Change Capital Partners, which owns Jil Sander, has received at least one non-binding offer of interest in the fashion brand from "Chinese investors."
As reported, Change Capital Partners, which acquired the label from Prada Spa for an undisclosed sum in February 2006, is said to be considering exiting its investment - having grown tired of waiting for the Jil Sander's bottom line to match its critical acclaim - and has been sounding out the market regarding potential interest.
With an offer on the table, the London-based private equity fund, which is backed by the Halley family and led by former Carrefour and Marks & Spencer and current Vodafone and Societe Generale board member Luc Vandevelde, will now decide if it wants to deal, sources said.
It is unclear whether the said bid for Jil Sander is close to Change Capital's alleged valuation of around 200-220 million euros, and industry experts have suggested a figure closer to 150 million euros would be more reasonable given the current economic climate.
A spokesman for Change Capital declined to comment on the speculation Thursday.
