Oct 11, 2015
LVMH’s L Capital acquires 49% stake in El Ganso
Oct 11, 2015
The private equity fund announced the addition of the Spanish menswear and womenswear brand to its portfolio. L Capital will help it drive growth in international markets, as El Ganso looks to close the 2015 financial year with €70 million turnover.
Together, both companies developed an “ambitious” business plan to help energize the brand and boost its growth in international markets, one of the equity fund’s key investment strategies. L Capital, which also has stakes in brands such as Giuseppe Zanotti, Pepe Jeans, Sandro, Maje and Claudie Pierlot, is committed to grow the label’s value by extending their product offering and expanding their distribution network.
El Ganso, which was founded by Álvaro and Clemente Cebrián, will close the 2015 financial year with a turnover of €70 million (£51 million), growing 50% from the last five years. The company, specialized in preppy apparel, will have by the end of the year over 120 directly-owned stores in 10 markets, including Spain, Portugal, France, England, Belgium, Chile, Mexico, the Netherlands, Italy and Germany. It also expects to reach more than 600 employees in total.
The head of the Madrid office at L Capital, Julio Babecki, said that "despite being a relatively young company, El Ganso has created a unique and highly differentiated voice in the sportswear category with a significant presence in the Spanish market."
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