receives backing from Vicomte A. CM-CIC Capital Finance
Preppy French brand Vicomte A., has received financial backing from CM-CIC Captial Finance, who, as minority stakeholders, have agreed to inject €5 million into the company over the next three years. The family-run business, founded in 2005 by Arthur de Soultrait, has a three-pronged plan for the investment: open further stores, push international growth and expand the company’s team.
With a total of 38 directly-operated and franchised stores across the world, including locations in the London and Miami, Vicomte A. generated €17.5 million in revenue in 2013, up from €14.9 in 2012. In 2014, the brand is planning to increase its number of directly-owned stores to 18 by opening five new stores and buying out five of its existing franchises.
As it looks to grow internationally, Vicomte A. is working with various partners in countries such as Russia and Korea to help development develop the brand globally. Victome A. also has a large presence in Japan, Mexico and Indonesia via concessions at department stores.
In December, the brand opened a second Florida and plans to open a location in New York this year.
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