Private equity firms buys Le Chameau
05/10/2012
Kate Middleton, Prince William and Prince Harry have been photographed this year sporting Le Chameau boots, bringing the French brand, founded in 1927 in Normandy, into the fashion pages of glossy magazines.
Le Chameau posted net sales of €24 million euros in the year to the end-Sept 2011.
"Le Chameau is a brand with an exceptional heritage and product of the very highest quality," said Mark Watts, executive director of Marwyn. "We look forward to progressing the transaction to completion in the coming weeks and then helping to grow the business and develop it as a truly international luxury brand."
Shoemakers and retailers are increasingly attracting the interest of private equity firms. Gareth Whiley, head of the retail and leisure team at Silverfleet Capital, said: “This is partly driven by increasing consumer interest in shoe brands and owning multiple shoes for different occasions. Also shoe retailers potentially offer international expansion opportunities as fashion trends become more homogeneous across the world."
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