×
79 081
Fashion Jobs
ROSS
dc Operations Manager
Permanent · Shafter
ROSS
dc Maintenance Manager
Permanent · Buckeye
MACY'S
Asset Protection Detective, Pleasanton Stoneridge - Full Time
Permanent · Pleasanton
MACY'S
Asset Protection Detective, Riverpark - Full Time
Permanent · Fresno
MACY'S
Asset Protection Security Guard, Mall at Greece Ridge Center - Full Time
Permanent · Rochester
MACY'S
Asset Protection Detective, Lakeside - Full Time
Permanent · Sterling Heights
MACY'S
Asset Protection Detective, Walt Whitman - Full Time
Permanent · Huntington Station
MACY'S
Retail Fulfillment Associate, Menlo Park - Full Time
Permanent · Edison
MACY'S
Asset Protection Detective, Gurnee Mills - Full Time
Permanent · Gurnee
MACY'S
Asset Protection Detective, City Creek Center - Full Time
Permanent · Salt Lake City
MACY'S
Retail Fulfillment Associate, Maplewood - Full Time
Permanent · Maplewood
MACY'S
Asset Protection Detective, Coral Square - Full Time
Permanent · Coral Springs
MACY'S
Asset Protection Captain, South Bay - Full Time
Permanent · Boston
MACY'S
Asset Protection Detective, Stockton Sherwood - Full Time
Permanent · Stockton
MACY'S
Retail Fulfillment Associate, Springfield - Full Time
Permanent · Springfield
JCPENNEY
Asset Protection Manager
Permanent · Boise
JCPENNEY
General Manager
Permanent · Farmington
JCPENNEY
Salon Manager
Permanent · Downey
JCPENNEY
Transportation sr Specialist
Permanent · Haslet
JCPENNEY
Buyer Fragrance
Permanent · Plano
JCPENNEY
Salon Manager Btc - Eastridge Shopping Center
Permanent · San Jose
JCPENNEY
Asset Protection Manager Asheville NC
Permanent · Asheville
Translated by
Nicola Mira
Published
Mar 9, 2022
Reading time
2 minutes
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Who is HLD, future owner of French label Ba&sh?

Translated by
Nicola Mira
Published
Mar 9, 2022

Investment firm HLD is about to buy for an undisclosed sum, after entering into exclusive negotiations, a majority stake in Parisian label Ba&sh, founded in 2003 by Barbara Boccara and Sharon Krief, who will retain a shareholding in the company. A way for the European investment firm, whose portfolio features 18 companies, to gain a strong foothold in the women's ready-to-wear sector. Altogether, the companies HLD has invested in have 24,000 employees and generate an annual revenue of approximately €2 billion.


Jean-Bernard Lafonta - HLD


HLD was co-founded in France in 2010 by Jean-Philippe Hecketsweiler, Philippe Donnet and Jean-Bernard Lafonta, and currently has €2 billion in equity capital. Board President Lafonta started his career with the French government’s ministerial staff. He then joined the Lazard and BNP banks, and later the Wendel group, where he oversaw investments into companies like Legrand, Editis and Bureau Veritas.

In the last 12 years, he has helped HLD acquire stakes in companies operating in a broad variety of sectors. For example, eyewear brand Jimmy Fairly (bought in 2021 from Experienced Capital Partners), dermatological laboratory SVR (bought in 2014), equipment lease company Kiloutou (in 2018), the Rafaut group, a civil and military aviation contractor (in 2018), optical instrument manufacturer Photonis (in 2021), and Tessi, a company specialising in business process services (in 2017).

Among the companies which HLD acquired and later sold off are the Filorga laboratories (sold to Colgate Palmolive in 2019), Interflora (sold in 2015 to LFPI and Montefiore), and fashion e-tailer Sarenza, sold to the Monoprix group in 2018.

HLD, whose name refers to its three founders’ initials, operates offices in Paris, Luxembourg, Milan and Zurich, and has investment capital worth €500 million in shareholders’ equity available on an annual basis. The fund stated its aim is to “support senior management teams in building companies that will become leaders in their sectors,” targeting “high-potential” businesses. Over the years, HLD has boosted its financial clout by adding new names to its pool of investors, notably Claude Bébéar (former CEO of Axa), Norbert Dentressangle, and the Decaux and De Agostini families.

HLD has already heralded its goals for Ba&sh, which in 2022 is targeting a revenue of €320 million: it wants the label to top the €500 million revenue mark by 2025, notably by boosting its international retail footprint and by introducing new product categories.

Copyright © 2023 FashionNetwork.com All rights reserved.