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UNQUOTE
  • Benelux

Europe et Croissance invests €750,000 in Chapellerie Herman

  • Anneken Tappe
  • 08 February 2012
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Europe et Croissance has invested €750,000 in Belgian millinery Chapellerie Herman from the EU-backed EUREFI fund.

The company will engage in a buy-and-build strategy to reach a valuation of €15m over the next five years. The first strategic acquisition is already planned.

The money was drawn from EUREFI, a fund set up in 1995 by the European Union and private investors from France, Belgium and Luxemburg.

Company
Chapellerie Herman is a millinery that has been active for 130 years. It design manufactures and sells hats and accessories in France, Belgium and Luxemburg. 

People
Alexandre Herman is director of Chapellerie Herman.

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