Eurazeo backs fashion group Desigual with €285m investment


clothing scarves_sqEuropean private equity Eurazeo has agreed to acquire a 10 per cent stake in Spanish fashion group Desigual for €285m.

Desigual saw its revenues increase tenfold between 2007 and 2013.

Last year the company reported revenues of €828m, up 18 per cent from the previous year.

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.

Eurazeo deputy CEO Virginie Morgon said, “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.”

Last month it was reported that Eurazeo hired Rothschild to run an IPO of car rental business Europcar.

In January the firm bought an 83.5 per cent stake in French games developer Asmodee.

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