Eurazeo Invests 285 Million Euro in Desigual
Eurazeo Invests 285 Million Euro in Desigual
PR56205
PARIS, Mar. 19, 2014 /PRN=KYODO JBN/ --
Eurazeo announces its partnership with Desigual to accompany the growth of
the brand. Eurazeo will subscribe to a 285 million Euro capital increase and
receive 10% of the share capital of the group owned by its founder, Thomas
Meyer. This agreement grants Eurazeo governance and investment protection
rights, reflecting the true partnership forged between the parties.
To view the Multimedia News Release, please click:
http://www.multivu.com/mnr/65034-eurazeo-to-partner-with-desigual
Created in Spain in 1984, Desigual designs and distributes clothing and
accessories for women, men and children. Its values, strong creativity and
unique positioning give it a true identity. Its multi-channel sales strategy
has enabled the brand to develop rapidly over the last ten years.
The company is enjoying exceptional growth, with revenues increasing
tenfold since 2007 and compound annual growth of 29% between 2009 and 2013. In
2013, revenues reached 828 million Euro, up 18% on 2012. With an EBITDA margin
of 29% in 2013, company profitability is strong, bearing witness to its good
operating efficiency.
At the end of 2013, Desigual had 405 stores in 109 countries, 2,500 corners
in department stores and over 11,000 multi-brand doors around the world.
Digital sales generated 10% of revenues.
Eurazeo will support Desigual's strategy which is to continue its
geographic expansion in Europe and consolidate its recent international
development, particularly in the United States, Latin America and Japan. The
roll-out of the brand will also include an enriched offering with new product
categories, such as accessories, footwear and household goods.
The proceeds from the share capital increase will be used, amongst other
things, to sustain and accelerate the development of Desigual and its retail
network and build a state-of-the-art distribution hub.
Virginie Morgon, Deputy CEO of Eurazeo, announced: "Global brands are a key
investment sector for Eurazeo and Desigual is a top performer; we are delighted
that Thomas Meyer has chosen Eurazeo to accompany the exceptional development
of his company. As a partner, we will support him and his management team in
accelerating the international expansion of Desigual and establishing it as a
world-class brand."
Manel Jadraque, CEO of Desigual, said: "Desigual is a positive brand with
unique products that are affordable and for everyone. Eurazeo fully shares our
vision and will be an ambitious and constructive partner to accelerate the
development of the company."
For more information, please visit the Group’s website:
Follow us on Twitter [http://www.twitter.com/eurazeo ], Linkedin
[http://www.linkedin.com/company/32166?trk=tyah ] and YouTube
[http://www.youtube.com/channel/UCGMiQLwCUtUrHvuJRVzJFXQ ]
SOURCE: Eurazeo
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。