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Published
Jul 29, 2014
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Pepe Jeans Group may change hands

Published
Jul 29, 2014

Pepe Jeans may soon find a new owner. According to the financial site Bloomberg, which cites sources familiar with the matter, Pepe Jeans Group has hired Morgan Stanley to find a buyer.

The group could go for 700 million euros. Image Hackett.


The group is composed of the denim brand Pepe Jeans London and the more casual Hackett. In 2005, the investment company Torreal purchased a stake in Pepe Jeans. In 2006, it purchased Richemont group’s stake in the British brand Hackett. The group is also the exclusive distributor of Tommy Hilfiger in Spain. Since 2010, Pepe Jeans Group has also included the private equity firms Arta Capital and L Capital among its stakeholders, besides Torreal (31%) and its team management (30%).

According to Bloomberg, the sale of group could fetch for around 700 million euros, given that its EBITDA over the last year is expected to reach 60 million euros. The group is present in some sixty countries, Pepe Jeans London relying in particular on a strong foothold in the Indian market.

Several investment firms are potential buyers including KKR & Co., Permira Advisers, CVC Capital and PAI partners, as well as companies in the sector.

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